Business, 10.05.2021 23:30 datboyjulio21

You must show your detailed work to get credit in this question via Excel Model development. The solution must be submitted as EXCEL XLSX file to get any credit. The Inn at Penn hotel has 300 rooms with standard queen-size beds and two rates: a full price of $380 and a discount price of $180. To receive the discount price, a customer must purchase the room at least two weeks in advance (this helps to distinguish between leisure travelers, who tend to book early, and business travelers, who value the flexibility of booking late). For a particular Tuesday night, the hotel estimates that the demand from leisure travelers could fill the whole hotel while the demand from business travelers is distributed normally with a mean of 200 rooms and a standard deviation of 100. a. Suppose the Inn chose a protection level of 150 for the full-price rooms. What is the expected number of business travelers who will be lost

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