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Industry 4.0 · End Term · 24 Dec 2023 · September 2023 term · Set ADB3

Question 30: What is the Booking limit?

Question 30

+1.5 marksNumerical answer

Suppose you need to accept reservation for a flight. There are total 100 seats in the aircraft. You have two classes of passengers-economy and business. One economy seat gets you 2,500 Rs of revenue while a business seat gets 7,500 Rs. From your experience, you know the demand for business travellers follows a uniform distribution in [10,20]. Then answer the given subquestions:

What is the Booking limit?

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Correct answer: 17

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Question 30 of 34 in the IIT Madras BS Industry 4.0 (Industry 4.0) End Term paper sat on 24 Dec 2023, in the September 2023 term (IIT M DEGREE FN EXAM FDB1 24 Dec 2023). It carries 1.5 marks.

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