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The Probability That a Certain Daily Flight's Departure from ORD

question 74

Multiple Choice

The probability that a certain daily flight's departure from ORD to LAX is delayed is .02. Over six months, this flight departs 180 times. What is the approximate Poisson probability that it will be delayed fewer than 2 times?


Definitions:

Long Run

A period in economics sufficient for all adjustments to be made, including physical capital and not just prices.

Licenses

Official permits to own or do something, typically issued by a government authority.

Central Park

A large urban park in New York City, known for its lush landscapes, walking paths, and cultural attractions.

Price Difference

The disparity in the cost between two or more goods or services.

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