In: Statistics and Probability
When someone buys a ticket for an airline flight, there is a 0.0973 probability that the person will not show up for the flight. A certain jet can seat 17 passengers. Is it wise to book 19 passengers for a flight on the jet? Explain. Determine whether or not booking 19 passengers for 17 seats on the jet is a wise decision. Select the correct choice below and fill in the answer box in that choice with the probability that there are not enough seats on the jet. (Round to four decimal places as needed.)
SOLUTION:
From given data,
When someone buys a ticket for an airline flight, there is a 0.0973 probability that the person will not show up for the flight. A certain jet can seat 17 passengers. Is it wise to book 19 passengers for a flight on the jet? Explain.
This will be a binomial experiment with parameters:
n = 19,
p = P(Person will show up) = 1 - 0.0973 = 0.9027
Determine whether or not booking 19 passengers for 17 seats on the jet is a wise decision. Select the correct choice below and fill in the answer box in that choice with the probability that there are not enough seats on the jet.
P(X > 17) = P (X = 18) + P(X=19)
P(X > 17) = 19C18 * 0.902718 * (1-0.9027)19-18 + 19C19 * 0.902719 * (1-0.9027)0
P(X > 17) = 19*0.1584097 * 0.0973 + 1 * 0.1429964 * 1
P(X > 17) = 0.29285201239+ 0.1429964
P(X > 17) = 0.4358
(or)
P(X > 17) = 1 - P(X < 16)
P(X > 17) = 1 - binomdist(16, 19, 0.9027, TRUE) [Excel Formula]
P(X > 17) = 0.4358