- #1
haribol
- 52
- 0
Hi guys, if you can help me with this problem it would be of great help
1) Pythag-Air-US Airlines has determined that 5% of its customers do not show up for their flights. If a passenger is bumped off a flight because of overbooking, the airline pays the customer $200. What is the expected payout by the airline, if it overbooks a 240 seat airplane by 5%?
PS: The answer is 0. Can you please explain your reasoning because I am completely lost in this one
Thanks a lot
1) Pythag-Air-US Airlines has determined that 5% of its customers do not show up for their flights. If a passenger is bumped off a flight because of overbooking, the airline pays the customer $200. What is the expected payout by the airline, if it overbooks a 240 seat airplane by 5%?
PS: The answer is 0. Can you please explain your reasoning because I am completely lost in this one
Thanks a lot