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Expected loss for an overbooking reservation strategy would be calculated by multiplying the loss for each no-show possibility and its probability of occurrence, and then adding the products.a) trueb)
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Expected loss for an overbooking reservation strategy would be calculated by multiplying the loss for each no-show possibility and its probability of occurrence, and then adding the products.a) trueb) false

User Amillerrhodes
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Answer: True

Step-by-step explanation:

An overbooking strategy simply has to do with hotels booking more rooms than what is available because they know that some of the reservations will be cancelled.

The Expected loss for an overbooking reservation strategy would be calculated by multiplying the loss for each no-show possibility and its probability of occurrence, and then adding the products.

User Kewitschka
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