According to the Department of Transportation,27% of Domestic Flights Were

question 68

Multiple Choice

According to the Department of Transportation,27% of domestic flights were delayed in 2007 at JFK airport.Five flights are randomly selected at JFK.What is the probability that all five flights are delayed?

• A) 0.0194
• B) 0.0208
• C) 0.0014
• D) 0.0222

---

Definitions:

Health Care Costs

The total expenditures for services and products related to the treatment and prevention of disease or the maintenance of health.

Overallocation

A situation where resources are allocated in excess to a particular good or service, often leading to inefficiency and waste.

Resources

Assets, materials, or substances that are available and valuable in producing goods or providing services.

Externalities

Costs or benefits that affect a party who did not choose to incur that cost or benefit, caused by an economic transaction.