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Mathematics, 13.08.2019 01:20 yeeyee69
Offwefly airlines has a daily flight from sacramento to las vegas with a capacity of 100 passengers. on average, 14 ticket holders cancel their reservations at the last minute, so the company intentionally overbooks the flight. cancellations can be described by a normal distribution with a standard deviation of 4.6. profit per passenger is $62. if a passenger arrives but cannot board due to overbooking, the company policy is to provide compensation of $63. what is the optimal probability of having one or more empty seats on the plane?
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Offwefly airlines has a daily flight from sacramento to las vegas with a capacity of 100 passengers....
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