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  • HW 5 Excel - APelonia

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    Andrew Orlando
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    The document discusses flight sales and profit projections for Alliance Air Service. It shows different ticket prices for prepurchased flights, discounted flights, and same day flights. Historical data on flights sold and average demand is provided. Tables also show the projected average, minimum and maximum daily profits for different levels of prepurchased flights, assuming a Poisson distribution with a mean of 40 flights. The actual prepurchased flights were 37, with an estimated average daily profit of $2,743.97 and potential range from -$2,250 to $3,700.

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    The document discusses flight sales and profit projections for Alliance Air Service. It shows different ticket prices for prepurchased flights, discounted flights, and same day flights. Historical data on flights sold and average demand is provided. Tables also show the projected average, minimum and maximum daily profits for different levels of prepurchased flights, assuming a Poisson distribution with a mean of 40 flights. The actual prepurchased flights were 37, with an estimated average daily profit of $2,743.97 and potential range from -$2,250 to $3,700.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    4 views2 pages

    HW 5 Excel - APelonia

    Uploaded by

    Andrew Orlando
    The document discusses flight sales and profit projections for Alliance Air Service. It shows different ticket prices for prepurchased flights, discounted flights, and same day flights. Historical data on flights sold and average demand is provided. Tables also show the projected average, minimum and maximum daily profits for different levels of prepurchased flights, assuming a Poisson distribution with a mean of 40 flights. The actual prepurchased flights were 37, with an estimated average daily profit of $2,743.97 and potential range from -$2,250 to $3,700.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Alliance Air Service

       
    Prepurchased Seat Full Profit $100
    Discounted Flight Sale ($80)
    Same Day Flight ($170)

    Average Demand ###


    Pre-Purchased Flights 37

    Seats Sold for Full Profit ###

    Discounted Flights Sold ###


    Same Day Flights to purchase ###

    Daily Profit ###

    Poisson distribution with a mean of 40


    Pre-Purchased Flights Avg Profit Min Profit Max Profit
    30 $ 1,257.65 $ (2,440.00) $ 3,000.00
    35 $ 2,394.29 $ (1,430.00) $ 3,500.00
    40 $ 3,119.74 $ 260.00 $ 4,000.00
    45 $ 3,316.47 $ (540.00) $ 4,500.00
    50 $ 3,136.13 $ (220.00) $ 5,000.00
    55 $ 2,790.39 $ (620.00) $ 5,500.00

    37 $ 2,743.97 $ (2,250.00) $ 3,700.00

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