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Probability that airtran has to pay overbooking fees

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Airtran's flight #307 can accomodate 50 passengers, but the flight is overbooked,as 52 tickets were sold. Each ticketed passenger can arrive lateand miss the flight with a probability 0.02. What is the probabilitythat no passenger arrives late? What is the probability that exactly onepassanger arrives late? What is the probability that Airtran has to pay overbooking fees (and reschedule passengers to different flights)?

Reference no: EM13923189

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