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Mini-Assignment 4

Plane Capacity 100


Computation of Optimal Protection Level

Fare Class 2 Protection Level 19


Distribution Normal Class 2 Booking 50
Mean 50 Class 1 Booking 20
Std Dev 20 Revenue 250000
Revenue/Seat (Rs) 3000 Expected Revenue 250000.00

Fare Class 1
Distribution Normal
Mean 20
Std Dev 8
Revenue/Seat (Rs) 5000

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