Find the probability that zero or one flights are overbooked

Assignment Help Mechanical Engineering

Reference no: EM131270019

Airlines like to overbook their flights (this is a vibrant area of research called yield management). It is estimated that 10% of the people who book their flight do not show up.

Hint: Define X = number of people who show up for the flight

a. If a small plane holds 20 people, compute the probability that there will not be enough seats for all the booked passengers, if the airline books B people, where B = 19,20, 21, 22.

b. If there are 10 identical small plane flights, each booked to 22, then find the probability that zero or one flights are overbooked?

Reference no: EM131270019

Questions Cloud

Test whether a given string is a palindrome : Design an algorithm for testing whether a given string is a palindrome. (Recall that a palindrome is a word that is the same forward and backward. For example, the words "wow" and "racecar" are palindromes.) Implement your algorithm using MIPS ass..

Explains the functions and limitations of neural plasticity : Prepare a 1,050- to 1,400-word paper that explains the functions and limitations of neural plasticity in the participant's recovery process. Include two to three peer-reviewed sources.

Find gini index of income concentration for the lorenz curve : Discuss the effect of the area bounded by x = y and the Lorenz curve getting larger relative to the equitable distribution of income.

What is the lower and upper bounds of that interval : Before calculating the 95% confidence interval, it is always a good plan to first identify the values of the elements in the formula in order to complete the calculation. Now that you have those values, calculate the 95% confidence interval (CI). ..

Find the probability that zero or one flights are overbooked : Find the probability that zero or one flights are overbooked and compute the probability that there will not be enough seats for all the booked passengers

Types of unemployment in south africa : 1. Based on the extract above, discuss the caused and the types of unemployment in South Africa. 2. Evaluate how the following changes may affect the rate of unemployment in South Africa?

Create the logic for a program that accepts input values : Create the Logic for a program that accepts input values for the projected cost of a vacation and the number of months until vacation. Pass both values to a method that displays the amount you must save per month.

Find ethical responsibilities of intervening to deter crimes : Analyze if biological or environmental factors drive criminal behavior. Consider research on twins. Describe social influences that may lead to individuals who engage in criminal behaviors. Evaluate the ethical responsibilities of intervening to dete..

What is the data : What is data? Do you think the word ‘‘data'' should be treated as a singular or plural word? Why?

User Account

All Pages