# Question: In Exercise 17 it was reported that about 1 of

In Exercise 17, it was reported that about 1% of all airline flights scheduled to depart from US airports are canceled. You select 100 flights at random. Assuming all the binomial conditions are met, compute the

In Exercise 17

In a given year, approximately 1% of all flights scheduled to depart from US airports are canceled. You select 10 flights at random. Use the binomial probability function to compute the probability that

a. expected number of canceled flights. Explain the meaning of the expected value in this situation.

b. variance of the random variable “number of canceled flights.”

c. standard deviation of the random variable “number of canceled flights.”

In Exercise 17

In a given year, approximately 1% of all flights scheduled to depart from US airports are canceled. You select 10 flights at random. Use the binomial probability function to compute the probability that

a. expected number of canceled flights. Explain the meaning of the expected value in this situation.

b. variance of the random variable “number of canceled flights.”

c. standard deviation of the random variable “number of canceled flights.”

**View Solution:**## Answer to relevant Questions

According to a study done by researchers at Georgetown University, recent college graduates who majored in architecture have the highest unemployment rate, at 13.9%. Arts majors are next, with an 11.1% unemployment rate for ...Use the binomial table to find the following probabilities: a. P(x = 6), where n = 11, p = .65 b. P(x > 5), where n = 7, p = .8 c. P(x < 17), where n = 20, p = .7 d. P(9 < x < 12), where n = 16, p = .75 In a study of high school graduation rates, Wisconsin had the highest graduation rate among all the states, at 90%. This compares to graduation rates of 75% for Texas high schools and 70% for Alabama high schools. Assume ...Use the Poisson probability function to find the following probabilities: a. For 7, P(x = 3) b. For λ = 1, P(x < 1) c. For λ = 1.3, P(x = 1) d. For λ = 3.2, P(1 < x < 3) You have just bought three stocks: Stock A, Stock B, and Stock C. Given the current market, you estimate that each stock has a 60% chance of doubling in value. Assume that stock performances are statistically independent. ...Post your question