Question

In: Statistics and Probability

An airlines reports that 70% of their seats are sold for flights that are scheduled during...

An airlines reports that 70% of their seats are sold for flights that are scheduled during the month of November for a particular route. If their plane has 120 seats, what is the probability that 100 or more seats are sold for November?

Solutions

Expert Solution

p = 0.7

n = 120

µ = n * p = 120 * 0.7 = 84

sd = sqrt(n * p * (1 - p)) = sqrt(120 * 0.7 * 0.3) = 5.02

                            

                             = P(Z > 3.09)

                             = 1 - P(Z < 3.09)

                             = 1 - 0.9990

                             = 0.001


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