There Are 10 Flights from Minneapolis to St

question 79

Essay

There are 10 flights from Minneapolis to St. Cloud each day. The probability that any one flight is late is 0.05. Using the binomial probability formula, what is the probability that 1 or more are late?

---

Definitions:

Sales Forecast

A projected calculation of future sales, often based on historical sales data, market trends, and economic conditions.

Growth

An increase in the economic value of a company or economy, often measured by variables such as income, sales, or GDP.

Sales

The total amount of goods or services that are sold within a particular period of time.

Operating Budget

A detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period, usually a fiscal year.