Of all airline flight requests received by a certain ticket broker, 70% are for domestic travel (D)
Question:
Of all airline flight requests received by a certain ticket broker, 70% are for domestic travel (D) and 30% are for international flights (I). Define x to be the number that are for domestic flights among the next three requests received. Assuming independence of successive requests, determine the probability distribution of x. Distribution The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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