Daily Airlines flies from Amsterdam to Londonevery day. The price of a ticket for this extremelypopular flight route is $75. The aircraft has apassenger capacity of 150. The airlinemanagement has made it a policy to sell 160tickets for this flight in order to protectthemselves against no-show passengers.Experience has shown that the probability of apassenger being a no-show is equal to 0.1. Thebooked passengers act independently of eachother. Given this overbooking strategy, what isthe probability that some passengers will haveto be bumped from the flight?

Answered: Image /qna-images/answer/3076d29c-00a9-4302-aa9c-5e031f180544.jpg

Answered: Daily Airlines flies from Amsterdam to…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Solve it fast and correctly. I will rate accordingly with multiple votes. Need 100% correct answer. There are eight seats at a rectangular table - three on each of the longer sides and one on each of the shorter sides. Six adults and two children sit around the table, with each seating configuration equally likely. What is the probability that the two children will end up seating next to each other on one of the longer sides of the table?
Your car is making a funny noise. You believe that the problem is either with the wheel or the axle, and you believe the probability is 0.3 that the wheel needs to be replaced, and 0.7 that the axle needs to be replaced. You need to decide whether to replace the wheel or the axle first. The cost of each alternative is given in the following table (if you decided to replace the wrong part first, you have to replace both of them). The Wheel is broken p = 0.3 The Axle is broken p = 0.7 Replace Wheel First Replace Axle First 600 1500 1500 900 a) Find the EV of each decision alternative. Which part should you replace first? b) What is the EVPI?
The weather in Columbus is either good, indifferent, or bad on any given day. If the weather is good today, there is a 40% chance it will be good tomorrow, a 30% chance it will be indifferent, and a 30% chance it will be bad. If the weather is indifferent today, there is a 50% chance it will be good tomorrow, and a 20% chance it will be indifferent. Finally, if the weather is bad today, there is a 10% chance it will be good tomorrow and a 30% chance it will be indifferent. a. What is the stochastic matrix, P, for this situation? b. Suppose there is a 10% chance of good weather today and a 90% chance of indifferent weather. What are the chances of bad weather tomorrow? c. Suppose the predicted weather for Monday is 40% indifferent weather and 60% bad weather. What are the chances for good weather on Wednesday? a. Create the stochastic matrix, P, where G is good, I is indifferent, and B is Bad. From: GIB a (Simplify your answers.) To: G
June is a student taking a statistics course. Unfortunately, June is not a diligent student. She does not read the textbook before or after class, does not do homework, and regularly misses class. She intends to rely on luck to pass the next quiz. The quiz consists of 10 multiple-choice question. Each question has five possible answers. Only one of the answers is correct, so the probability of choosing the correct answer is 0.20. June plans to guess the answer to each question independently. Let � be the number of correct answers on June’s quiz. What is the standard deviation of correct answers for June? Group of answer choices 8 2 1.26 1.14 None of These
Becky and Carla take an advanced yoga class. Becky can hold 29% of her poses for over a minute, while Carla can hold 35% of her poses for over a minute. Suppose each yoga student is asked to hold 50 poses. Let B the proportion of poses Becky can hold for over a minute and C = the proportion of poses Carla can hold for over a minute. What is the probability that Becky's proportion of poses held for over a minute is greater than Carla's? Find the z-table here. O 0.159 O 0,259 0 0.448 O 0,741 Save and Exit Next Submit Math and rem 96 & 7 8 9. 10
Suppose an oil company is thinking of buying some land for $10,000,000. There is a 60%60% chance of economic growth and a 40%40% chance of recession. The probability of discovering oil is 44%44% when there is economic growth and 32%32% when there is a recession. If there is economic growth and the oil company discovers oil, the value of the land will triple. If they do not discover oil, the value of the land will decrease by 10%.10%. If there is a recession and the company discovers oil, the value of the land will increase by 50%.50%. If they do not discover oil, the land will decrease in value by 75%.75%. What is the expected value of the investment? Give your answer to the nearest dollar. Avoid rounding within calculations. $$ Select the correct interpretation of the expected value. The expected value represents what the actual investment value will be for this land purchase of $10,000,000. The company should make the investment because the expected value…
You are interested in the number of people that will visit your restaurant in the noon hour. Historically, there is a 10% chance that more than 10 customers will visit, a 30% chance that more than 8 customers will visit, a 50% chance that more than 6 customers will visit, a 80% chance that more than 4 customers will visit, and a 95% chance that at least 2 customers will visit during the noon hour. What is the probability that 4 or less customers will visit the restaurant -- the number required to break even financially for the day?Express your answer as a percent value. So if your answer is 100% for example, enter 100. Round your answer to the nearest percent.
Solve it fast and correctly. I will rate accordingly with multiple votes. Need 100% correct answer. There are eight seats at a rectangular table - three on each of the longer sides and one on each of the shorter sides. Six adults and two children sit around the table, with each seating configuration equally likely. What is the probability that the two children will end up seating next to each other on one of the longer sides of the table?
On our way to work we encounter two traffic lights which operate independently of one another. If there is a 50% chance that we will be stopped by the first of the two lights, and there is a 40% chance that we will be stopped by the second light, what is the probability that we will be stopped by at least one of the lights?
You are an analyst for a consumer products company. You run a survey of 1000 customers and find that 80% of customers use gel packs for laundry detergent (the rest use liquid or powder) and 40% of customers use gel packs for their dishwasher detergent (the rest use liquid or powder). You also learn that twice as many customers use laundry detergent than dishwasher detergent.
Please solve for all and explain each step

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