At any given moment the airport managers estimate that


At a major airport, over 1000 planes land each day on their runways. This steady stream of air traffic has created complexities and delays in landing and departing planes. At any given moment, the airport managers estimate that there is a 1% chance of a runway incursion (near-miss). What is the probability that in the next sample of 25 flights, 1 or fewer runway incursions will occur?

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Finance Basics: At any given moment the airport managers estimate that
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