Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that the probability that a passenger will miss a flight is 0.0933. Airlines do not like flights with emptyseats, but it is also not

Suppose that the probability that a passenger will miss a flight is 0.0933. Airlines do not like flights with emptyseats, but it is also not desirable to have overbooked flights because passengers must be"bumped" from the flight. Suppose that an airplane has a seating capacity of 52 passengers.

(a) If 54 tickets aresold, what is the probability that 53 or 54 passengers show up for the flight resulting in an overbookedflight?

(b) Suppose that 58 tickets are sold. What is the probability that a passenger will have to be"bumped"?

(c) For a plane with seating capacity of 250 passengers, what is the largest number of tickets that can be sold to keep the probability of a passenger being"bumped" below 1%?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematics for Economics and Business

Authors: Ian Jacques

9th edition

129219166X, 9781292191706 , 978-1292191669

More Books

Students also viewed these Mathematics questions