Probability of overbooking airplane

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Reference no: EM1399950

A Boeing 767-300 has 213 seats. When someone buys a ticket for a flight, there is a 0.0995 chance that the person will not show up for the flight (based on data from an IBM research paper by Lawrence, Hong, and Cherrier). A ticket agent accepts 236 reservations for a flight that uses a Boeing 767-300. Find the probability that not enough seats will be available. Is this probability low enough so that overbooking is not a real concern?

Reference no: EM1399950

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