Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Applied Statistics Expert

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 a maximum capacity of 300 people? What is the probability that a plane with maximum capacity 150 people will be overbooked if the airline sells 160 tickets? Express the answers in terms of the standard normal cumulative distribution function, Φ(x). (Hint. Consider the probability p of a success to be the probability that a given person actually shows up for the flight. From this, deduce what the effective mean and standard deviation are for the number of successes in the case when n = 320 or when n = 160, respectively.)

Applied Statistics, Statistics

  • Category:- Applied Statistics
  • Reference No.:- M91252271
  • Price:- $30

Guranteed 24 Hours Delivery, In Price:- $30

Have any Question?


Related Questions in Applied Statistics

You are expected to work in groups and write a research

You are expected to work in groups and write a research report. When you work on your report, you need to use the dataset, and other sources such as journal articles. If you use website material, please pay attention to ...

Business statistics project assignment -there will be two

BUSINESS STATISTICS PROJECT ASSIGNMENT - There will be two parts to this assignment: Part A: Group Work (A Business Report) Part B: Individual Reflective Piece (A Ministerial Brief) The response to Part A must be provide ...

Assignment -a psychologist was interested in evaluating the

Assignment - A psychologist was interested in evaluating the effectiveness of a domestic violence prevention program in changing attitudes towards domestic violence in a sample of high school students. The psychologist r ...

Statistics for business decisions assignment assignment 1

Statistics for Business Decisions Assignment Assignment 1 - QUESTION 1 - Time Series Regression The table below presents the number of students attending Statistics lectures in weeks 1 to 10. Week Number of students 1 90 ...

Assignment -in this assignment ms excel must be used to

Assignment - In this assignment MS Excel must be used to perform any calculations/graphical presentations as required in this assignment. Question 1 - Below you are given the examination scores of 20 students (data set a ...

Assignment -in this assignment ms excel must be used to

Assignment - In this assignment MS Excel must be used to perform any calculations/graphical presentations as required in this assignment. Question 1 - Below you are given the examination scores of 20 students (data set a ...

Assessment task -you become interested in the non-skeletal

Assessment Task - You become interested in the non-skeletal effects of vitamin D and review the literature. On the basis of your reading you find that there is some evidence to suggest that vitamin D deficiency is linked ...

Business data analysis facts from figures assignment

BUSINESS DATA ANALYSIS: FACTS FROM FIGURES Assignment - Question 1 - Private capital expenditure for 12 successive quarters are presented in the following table: Quarter Millions 1 31,920 2 25,120 3 30,350 4 24,650 5 30, ...

Construct a regression model for predicting total charges

Construct a regression model for predicting total charges from length of stay for DRG 105. a. State the null and alternative hypotheses and alpha level. b. Prepare a scatter diagram with the regression line for the two v ...

Quantitative methods in health statistical analysis report

Quantitative Methods in Health Statistical Analysis Report - Question 1 - Are you a Lark or an Owl? Studies indicate that about 10% of us are morning people (Larks) while 20% are evening people (Owls) and the rest are no ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As