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Question
An airline, believing that 5% of passengers fail to show up for flights, overbooks (sells more tickets than there are seats). Suppose a plane will hold 265 passengers, and the airline sells 275 tickets. What’s the probability the airline will not have enough seats, so someone gets bumped?
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 2For the mean:
For the standard deviation:
The z-score:
From table Z:
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