Air America Research Paper

MAT540 Quantitative Methods of Science

Assignment #1

Quantitative Methods
July 28, 2012
#1
Overbooking Flights Air America has a policy of booking as many as 160 persons on an airplane that can seat only 145 (past studies have revealed that only 85% of the booked passengers actually arrive for the flight). Find the probability that if Air America books 160 persons, not enough seats will be available. Is this probability low enough so that overbooking is not real concern for passengers?
For calculations, we are going to use binominal distribution formula and computer.
N=160
P= 0.85
P(X) = n!/x!(n-x)! * p! (1-p)n-x
P(x≤145) = P (x=0) + P (x=1) + P (x=2) + … + P (x=145) = 0.989
P (x>145) = 0.013 = 1-0.989=0.011
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Answer: Probability that if Air America books 160 persons, not enough seats will be available is 1%, which is very low. Yes, this probability is low enough so that overbooking is not real concern for passengers
#2
A passing grade is 75. Montgomery County High School administrators want to gauge how well their students might do on te SOL test, but they don’t want to take the time to test the whole student population. Instead, they selected 20 students at random and gave them the test. (Results presented on paper