Data management question for PROS. (Binomial distribution)?
An airline has determined that 4% of people do not show up for their flights. To avoid having empty seats, the flight is overbooked. A large jet holds 300 people.
a)What is the probability that some travelers will not get a seat if 310 tickets are sold? 305?
b)How many tickets could be oversold in order to be 98% sure that everyone gets a seat?
Please show all work.