Describe a situation in which the rate of change for data over a short period of time would be a good estimate for the rate of c
hange over a longer period of time.
Write 2 - 4 sentences describing this situation and the patterns you would expect to find in the data.
Include your reasoning on why this situation is a good indicator for the rate of change over a longer period of time.
Write 2 - 4 sentences describing a factor that might impact the rate of change so that it is no longer a good indicator of the rate of change in future observations.
Include your predictions about the effects of the factor on the rate of change.
Write 2 - 4 sentences describing this situation and the patterns you would expect to find in the data.
Include your reasoning on why this situation is a good indicator for the rate of change over a longer period of time.
Write 2 - 4 sentences describing a factor that might impact the rate of change so that it is no longer a good indicator of the rate of change in future observations.
Include your predictions about the effects of the factor on the rate of change.
1 answer:
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Answer:
0.0159
Step-by-step explanation:
Given that a common practice of airline companies is to sell more tickets for a particular flight than there are seats on the plane, because customers who buy tickets do not always show up for the flight.
Here if X is the no of persons that do not show up, then X is binomial as each trial is independent with p = 0.04 and n =150 (no of tickets sold)
The plane is overbooked if more than 150 show up
i.e. less than 2 do not show up
Hence the probability that the airline overbooked this flight
=