On any given flight, an airline's goal is to fill the plane as much as possible, without overbooking. if, on average, 10% of customers cancel their tickets, all independently of each other, what is the probability that a particular flight will be overbooked if the airline sells 320 tickets, for a plane that has maximum capacity 300 people? what is the probability that a plane with maximum capacity 150 people will be overbooked if the airline sells 160 tickets?

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10 October, 08:54

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Talan Mckee · Answer 1

A) p (x≥301) ≈ 0.00683

b) p (x≥151) ≈ 0.03590