Overbooking example
{"Image DocumentName": "Overbooking example", "Image ImageDescription": "A commuter airline overbooks all its flights by one passenger (i.e., the ticket agent will take seven reservations for an airplane that only has six seats). The no-show experience for the past 20 days is shown below: No-shows Frequency Using the critical fractile P(d<x) \u2264 Co/(Co+Cs), find the maximum implied overbooking opportunity loss Cs if the revenue Co from a passenger is  20.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}