Statistics: probability | Mathematics homework help

Get a Price Order Now

Calculate the price
of
your order:

Number of pages

275 words

Approximate price

$ 0.00

Statistics: probability | Mathematics homework help

United flight 15 from New York’s JFK to San Francisco uses a Boeing 757-200 with 182 seats. Because some people with reservations don’t show up, United can overbook by accepting more than 182 reservations. If the flight is not overbooked, the airline will lose revenue due to empty seats, but if too many seats are sold and some passengers are denied seats, the airline loses money from the compensation that must be given to bumped passengers. Assume that there is a 0.0995 probability that a passenger with a reservation will not show up for the flight. Also assume that airline accepts 200 reservations for the 182 seats that are available. 9. Find the probability that when 200 reservations are accepted for United flight 15, there are more passengers than seats available. Show your calculation. 10. Is the probability of overbooking small enough that it does not happen very often (ie, unusual), or is it high enough to consider making changes to lower the probability of overbooking? Justify your answer using a complete sentence and proper grammar. 11. Use trial and error (and your calculator) to find the maximum number of reservations that could be accepted so that the probability of having more passengers than seats is 0.05 or less. Make a table like the one below: Number of reservationsP(more passengers than seats available) 200 199 198 197 ….

«VPNEW»

Unlock your academic potential with Vintage-paper.com! Place your essay order today and experience top-notch writing services that guarantee academic success. Our expert writers are ready to craft customized papers that will exceed your expectations.Don't wait, order now and elevate your grades

Order Now

Basic features

Free title page and bibliography
Unlimited revisions
Plagiarism-free guarantee
Money-back guarantee
24/7 support

On-demand options

Writer's samples
Part-by-part delivery
Overnight delivery
Copies of used sources
Expert Proofreading

Paper format

275 words per page
12_pt Arial/Times New Roman
Double line spacing
Any citation style (APA, MLA, CHicago/Turabian, Havard)

Guaranteed originality

We guarantee 0% plagiarism! Our orders are custom made from scratch. Our team is dedicated to providing you academic papers with zero traces of plagiarism.

Affordable prices

We know how hard it is to pay the bills while being in college, which is why our rates are extremely affordable and within your budget. You will not find any other company that provides the same quality of work for such affordable prices.

Best experts

Our writer are the crème de la crème of the essay writing industry. They are highly qualified in their field of expertise and have extensive experience when it comes to research papers, term essays or any other academic assignment that you may be given!

Calculate the price of your order

Type of paper needed:

Pages:

You will get a personal manager and a discount.

Academic level:

We'll send you the first draft for approval by at

Total price:

$0.00

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Check Prices