Business, 25.06.2020 02:01 ccollinsphotogr3177
Suppose that past experience shows that about 12% of passengers who are scheduled to take a particular flight fail to show up. For this reason, airlines sometimes overbook flights, selling more tickets than they have seats, with the expectation that they will have some no shows.
Suppose an airline uses a small jet with seating for 30 passengers on a regional route and assume that passengers are independent of each other in whether they show up for the flight. Suppose that the airline consistently sells 32 tickets for every one of these flights.
Required:
a. What is the probability of having overbooked flight?
b. What is the expected amount of cost to compensate the overbooked flight?
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 20:30, vismayagejjala
technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f
Answers: 1
Business, 21.06.2019 21:20, sophiaa23
Reqwest llc agrees to sell one hundred servers to social media networks, inc. the servers, which social media networks expressly requires to have certain amounts of memory, are to be shipped “f. o.b. social media networks distribution center in tampa, fl.” when the servers arrive, social media networks rejects them and informs reqwest, claiming that the servers do not conform to social media networks’ memory requirement. a few hours later, the servers are destroyed in a fire at social media networks’ distribution center. will reqwest succeed in a suit against social media networks for the cost of the goods?
Answers: 3
You know the right answer?
Suppose that past experience shows that about 12% of passengers who are scheduled to take a particul...
Questions in other subjects:
Health, 24.06.2019 19:10
Mathematics, 24.06.2019 19:10
Advanced Placement (AP), 24.06.2019 19:10
Social Studies, 24.06.2019 19:10
Arts, 24.06.2019 19:10
