Airlines overbook sell more tickets than there are seats


Airlines overbook (sell more tickets than there are seats) flights, based on past records that indicate that approximately 5% of all passengers fail to arrive on time for their flight. Suppose a plane will hold 250 passengers, but the airline books 260 seats. What is the probability that at least one passenger will be bumped from the flight?

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Basic Statistics: Airlines overbook sell more tickets than there are seats
Reference No:- TGS01364752

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