Airline overbooking is a common practice. Many people make reservations on several flights due to uncertain plans and then cancel at the last minute or simply fail to show up. Jet Green airlines’ planes hold 100 passengers. Past records indicate that 20% of the people making a reservation do not show up for the flight. We will assume that all reservations are independent, That is, each reservation is for one person and these reservations are made independent of one another. Suppose that Jet Green airlines has decided to book 120 people for each flight. Determine the percent of time that on any given flight, at least one passenger holding a reservation will not have a seat. how do i solve this
1 answer
THE ANSWER IS .15 USE BINOMIAL