subject
Mathematics, 01.04.2020 04:53 ineedtopeebeforethec

Overbooking is the practice of selling more items than are currently available. Overbooking is common in the travel industry; it allows a vehicle (airline, train, bus, cruise ship, hotel, and so forth) to operate at or near capacity, despite cancellations, no-shows, or late arrivals.

Overselling is when more confirmed customers show up to use the vehicle than there is space available. When this happens, at least one customer will be denied the service that they paid for, either voluntarily (sometimes with an incentive provided by the supplier) or involuntarily. This is called getting "bumped."

Suppose that for a particular flight, an airline believes that
2
%
of ticket holders do not make the flight. The jet making the trip holds
189
passengers. If the airline sells
192
tickets, what is the probability that the flight will be oversold and they will have to bump a passenger? Assume that cancellations are independent.

Calculate the probabilities that one, two, and three people will be bumped, and then use those values to determine the probability that at least one passenger will be bumped. Give each answer to four decimal places. Avoid rounding within calculations.

1. P(one person is bumped)=
2. P(two people are bumped)=
3. P(three people are bumped)=
4. P(at least one person is bumped)=

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 20.06.2019 18:04
2x+3y=12 x-y=6 solve the following system equations
Answers: 1
question
Mathematics, 21.06.2019 19:00
If (x-2) 2= 49, then x could be a. -9 b. -7 c.- 2 d. 5 e.9
Answers: 2
question
Mathematics, 21.06.2019 19:40
Afactory makes propeller drive shafts for ships. a quality assurance engineer at the factory needs to estimate the true mean length of the shafts. she randomly selects four drive shafts made at the factory, measures their lengths, and finds their sample mean to be 1000 mm. the lengths are known to follow a normal distribution whose standard deviation is 2 mm. calculate a 95% confidence interval for the true mean length of the shafts. input your answers for the margin of error, lower bound, and upper bound.
Answers: 3
question
Mathematics, 21.06.2019 22:30
Reinel saves 30% of every pay check. his paycheck last week was 560$. how much did reniel save last week?
Answers: 2
You know the right answer?
Overbooking is the practice of selling more items than are currently available. Overbooking is commo...
Questions
question
Mathematics, 22.04.2021 20:30
question
World Languages, 22.04.2021 20:30
question
History, 22.04.2021 20:30
question
Mathematics, 22.04.2021 20:30
Questions on the website: 13722363