/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 22 A Boeing 767-300 aircraft has 21... [FREE SOLUTION] | 91Ó°ÊÓ

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A Boeing 767-300 aircraft has 213 seats. When someone buys a ticket for a flight, there is a 0.0995 probability that the person will not show up for the flight (based on data from an IBM research paper by Lawrence, Hong, and Cherrier). How many reservations could be accepted for a Boeing \(767-300\) for there to be at least a 0.95 probability that all reservation holders who show will be accommodated?

Short Answer

Expert verified
The maximum number of reservations is approximately 229.

Step by step solution

01

- Understand the Problem

We need to determine the maximum number of reservations that can be accepted while ensuring there's at least a 0.95 probability that all reservation holders who show up can be accommodated. The aircraft has 213 seats, and the no-show probability is 0.0995.
02

- Define Variables

Let the number of reservations be denoted by n. The number of seats available, S, is 213. The probability that a person will show up, p, is 1 - 0.0995 = 0.9005.
03

- Define the Binomial Setting

We analyze the situation using the binomial distribution. Let X be the random variable representing the number of passengers that show up. X follows a binomial distribution with parameters n and p: X ~ Binomial(n, 0.9005).
04

- Find the Target Probability

We need to have P(X ≤ 213) ≥ 0.95. This means we seek the largest n such that the probability of 213 or fewer passengers showing up is at least 0.95.
05

- Use Normal Approximation

For large n, the binomial distribution can be approximated by a normal distribution. The mean µ and standard deviation σ of the binomial distribution are µ = n * p and σ = sqrt(n * p * (1 - p)).
06

- Apply Normal Approximation

Approximating X ~ N(n * 0.9005, sqrt(n * 0.9005 * 0.0995)). P(X ≤ 213) is converted to the standard normal variable Z: Z = (213 - n * 0.9005) / sqrt(n * 0.9005 * 0.0995).
07

- Use Standard Normal Table

We need P(Z ≤ z) = 0.95. From the standard normal table, we know that the z-value corresponding to 0.95 is approximately 1.645.
08

- Setup the Equation

Set up the equation: (213 - n * 0.9005) / sqrt(n * 0.9005 * 0.0995) = 1.645.
09

- Solve for n

Solving the equation: let A = sqrt(n * 0.9005 * 0.0995), then 213 = n * 0.9005 + 1.645 * A. Square both sides and solve for n.
10

- Approximate Solution

From this equation, by trial and error or more precise calculation, n is approximately 229.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

binomial distribution
A binomial distribution models the number of successes in a fixed number of independent trials where the outcome of each trial can be either success or failure. In this problem, a success is defined as a passenger showing up for their reserved spot.
The important parameters in a binomial distribution are:
  • Number of trials ()
  • Probability of success in each trial ()
Here, the number of trials () is the total number of reservations made and the probability of success () is the probability that a passenger will show up, which is 0.9005.
We denote this distribution as: \(X ~ Binomial(n, 0.9005)\).
normal approximation
When dealing with a large number of trials in a binomial distribution, calculating probabilities can become cumbersome. Thankfully, we can use the normal approximation to simplify the process.
The normal approximation works well when the number of trials () is large, and both \(np\) and \(n(1−p)\) are greater than 5.

The binomial distribution \(Binomial(n, p)\) can be approximated by a normal distribution \(Normal(\mu, \sigma^2)\) where mean (\(\mu\)) and standard deviation (\(\sigma\)) are computed as follows:

  • The mean \(\mu = np\)
  • The standard deviation \(\sigma = \sqrt{np(1−p)}\)
For our problem, \(np = n * 0.9005\) and \(n(1-0.9005)\). This simplifies our calculations significantly.
standard normal distribution
Once we approximate the binomial distribution with a normal distribution, we often need to convert it to a standard normal distribution to use standard normal tables.
The standard normal distribution has a mean of 0 and a standard deviation of 1. To convert a normal random variable \( X \) to a standard normal random variable \( Z \), we use the formula:

\( Z = \frac{X - \mu}{\sigma}\).
The value \( Z \) allows us to use standard normal distribution tables to find probabilities.
In our problem, we need to calculate \( P(X \leq 213) \), where \( X ~ Normal(\mu, \sigma) \). We convert this to the standard normal variable and use the z-value corresponding to a 0.95 probability, which is approximately 1.645.
mean and standard deviation
In probability and statistics, the mean and standard deviation are crucial for understanding distributions.
  • The mean (\(\mu\)) provides the average outcome we can expect. For a binomial distribution, \( \mu = np \).
  • The standard deviation (\( \sigma \)) quantifies the variability or dispersion of the outcomes. For a binomial distribution, \( \sigma = \sqrt{np(1−p)} \).
The mean tells us where the center of the data is, while the standard deviation gives us an idea of how spread out the data points are around the mean.
For the ticket reservation problem, the mean number of passengers showing up is computed as \( \mu = n * 0.9005 \). The standard deviation is calculated as \( \sigma = \sqrt{n * 0.9005 * 0.0995} \).
ticket reservation system
In a ticket reservation system, airlines often overbook flights to account for no-shows. No-show rates need to be carefully considered in the booking strategy.
Here, the probability that a passenger does not show up is 0.0995. Given the airplane capacity of 213 seats, airlines must determine the maximum number of reservations (\( n \)) to ensure that the probability of accommodating all passengers who show up is at least 0.95.
Using probabilities and distribution approximations, airlines can manage overbooking risks. By solving for \( n \) using the computed mean, standard deviation, and standard normal distribution, the airline ensures that the chance of excess passengers is minimal.

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