Use This Information to Answer the Following Questions

Essay

Use this information to answer the following questions.
The Gambler Hotel in Las Vegas has 300 rooms that each rent for $175 per night.For each reservation accepted,there is a 7% chance that the guest will not arrive.If the hotel overbooks,it incurs $220 for each reservation that is not honored.
-Refer to the information above.Suppose that the manager wishes to examine the effect of different reservation levels on average profitability.In specific,the manager wishes to consider reservation levels of 280,290,300,310,and 320.Use Crystal Ball's Decision Table to find the reservation level that maximizes average profitability.Use 1000 replications.