An Airline,believing That 6% of Passengers Fail to Show Up

question 5

Multiple Choice

An airline,believing that 6% of passengers fail to show up for flights,overbooks.Suppose a plane will hold 320 passengers and the airline sells 335 seats.What's the probability the airline will not have enough seats and will have to bump someone?

• A)0.075
• B)0.121
• C)0.375
• D)0.919
• E)0.081

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Definitions:

Interval Estimate

A range of values used to estimate a population parameter, typically constructed with a specific confidence level to contain the parameter.

Margin Of Error

An expression of the amount of random sampling error in a survey's results, indicating a range within which the true value lies with a certain level of confidence.

Point Estimate

A single value or statistic that is used to estimate the value of an unknown population parameter.

Population Standard Deviation

A measure of the dispersion or spread of all the values in a population, representing the square root of the population variance.