Multiple Choice
Use the data set shown below to answer the following question(s) . 
The demand at the ticket booking center can be modeled by a Poisson distribution with a mean of 220.Assume that each reservation has a constant probability of p = 0.02 of being cancelled.Use Crystal Ball functions for the model.
-For the data given above,the number of reservations made is obtained using the formula ________.
A) MIN(Reservation limit,Customer demand)
B) Seats available - Reservation limit
C) Price + Overbooking cost
D) MAX(0,Customer demand)
Correct Answer:
Verified
Correct Answer:
Verified
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