Solved

Use the Data Set Shown Below to Answer the Following

Question 52

Multiple Choice

Use the data set shown below to answer the following question(s) . 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,identify the Crystal Ball function that models the number of cancellations. A) CB.Poisson(0.02,Reservation limit)  B) CB.Binomial(0.02,Reservation limit)  C) CB.Poisson(0.02,Customer demand)  D) CB.Binomial(0.02,Reservations made) 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,identify the Crystal Ball function that models the number of cancellations.


A) CB.Poisson(0.02,Reservation limit)
B) CB.Binomial(0.02,Reservation limit)
C) CB.Poisson(0.02,Customer demand)
D) CB.Binomial(0.02,Reservations made)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions