What is the likelihood at least one of selected flights

Assignment Help Basic Statistics

Reference no: EM1316266

To find the probability using the binomial distribution.

Assume the likelihood that any flight on Northwest Airlines arrives within 15 minutes of the scheduled time is 0.90. We choose four flights from yesterday for study.

a. What is the likelihood all four of the selected flights arrived within 15 minutes of the scheduled time?

b. What is the likelihood that none of selected flights arrived within 15 minutes of the scheduled time?

c. What is the likelihood at least one of selected flights did not arrive within 15 minutes of the scheduled time?

Reference no: EM1316266

Questions Cloud

Determine the equilibrium outcome : Describe a sequential game facing your firm, and represent it in extensive or tree form. Compute and analyze the equilibrium of the game.

Calculate interest rate earned on the savings account : Calculate the interest rate earned on the savings account for six months and determine the rate of return if the money is lent to Judy. Round your percentage answer to two decimals.

Explain finding value of test statistic for the given data : Explain finding value of test statistic for the given data also interpret the result. Can Mr. Ratter compute which the mean weight of the bags is less than 50 pounds.

Computing the value of stock price : Computing the value of stock price with discounting the future discounts - how much must preferred stockholders be paid prior to paying dividends to common stockholders?

What is the likelihood at least one of selected flights : Assume the likelihood that any flight on Northwest Airlines arrives within 15 minutes of the scheduled time is 0.90. We choose four flights from yesterday for study.

Computing the changes in quantity : Suppose the firm raised the price to $4.00 while increasing its advertising expenditure by $100. Would this be beneficial? Explain. Illustrate your answer with the use of a demand schedule and a demand curve.

Evaluation of alternative projects : Evaluation of alternative projects - Time Value of money and What do your results suggest as a general rule for approaching such problems?

Find the vertex : Find the vertex.

Firm''s operating as well as cash conversion cycles : Firm's operating as well as cash conversion cycles and decision on speeding up collections

User Account

All Pages