The cost of underestimating the demand is considered a revenue loss that arises due to cancellation of flight costing $134. Hence, cost of underetimating the demand is

.
The cost of overestimating the demand is known as rewards. For example, free round trip ticket worth $263. Hence, the cost of overestimating the demand is

.

The z-score that yields a p-value of 0.3375 is -0.4193.
Thus, super discount airlines should overbook the flight by 35 + (-0.4193 x 24) = 35 - 10.0632 = 24.9368 = 25 seats.
Therefore, super discount airlines should overbook the flight by 25 seats.
In the global economy, organizations often must localize their products to the language, customs, and culture of many different countries.
An economy is the area of production, distribution, trade and consumption of goods and services. It is generally defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
A nation's economy is the wealth it derives from business and industry. The Japanese economy grew by more than 10% every year. 3. Uncountable nouns. Economics is about using the minimum amount of money, time, or other resources necessary to accomplish something and wasting nothing.
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