Next week, super discount airlines has a flight from new york to los angeles that will be booked to capacity. the airline knows from past history that an average of 35 customers (with a standard deviation of 24) cancel their reservation or do not show for the flight. revenue from a ticket on the flight is $134. if the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. the cost of this free round-trip ticket averages $263. super discount considers the cost of flying the plane from new york to los angeles a sunk cost. by how many seats should super discount overbook the flight? (use excel's normsinv() function to find the correct critical value for the given α-level. do not round intermediate calculations. round your answer to the nearest whole number.)

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Which of the following is not a consideration when determining your asset allocation

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?