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.”