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April 17, 2014

Homework Help: statistics

Posted by Anonymous on Thursday, March 8, 2012 at 2:34am.

Air America is considering a new policy of booking as many as 400 persons on an airplane that can sear only 350. (Past studies have revealed that only 85% of the booked passengers actually arrive for the flight.) Estimate the probability that if Air America books 400 persons, not enough seats will be avaliable. Is that probability low enough to be workable, or should the policy be changed?

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