Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(Using Excel) Because many passengers who make reservations do not show up, airlines often overbook flights (sell more tickets than there are seats). A certain

(Using Excel)

Because many passengers who make reservations do not show up, airlines often overbook flights (sell more tickets than there are seats). A certain airplane holds 178 passengers. If the airline believes the rate of passenger no-shows is 8 % and sells 194 tickets, is it likely they will not have enough seats and someone will get bumped?

a. Use the normal model to approximate the binomial to determine the probability of at least 179 passengers showing up.

b. Should the airline change the number of tickets they sell for this flight? Explain.

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

Microeconomics Principles, Problems, And Policies

Authors: Campbell McConnell

21st Edition

1259915727, 9781259915727

More Books

Students also viewed these Economics questions

Question

1. To take in the necessary information,

Answered: 1 week ago