#2 A shuttle company has a policy of overbooking because based on past research, only 87% of people who buy their tickets actually show up to ride the shuttle. Their shuttles seat 19 passengers. If they sell 20 tickets, what is the probability
that there will not be enough seats for the passengers?
The probability of not enough seats will be (round your answer to 3 decimal places).
Interpret this answer. Which of the following statements is true?
A. The shuttle company wants this number to be big. That way they can decrease their profit and regularly inconvenience their customers.
B. The shuttle company wants this number to be big. That way they can increase their profit, but do not regularly inconvenience their customers
C. The shuttle company wants this number to be small. That way they can increase their profit, but do not regularly inconvenience their customers.
D. The shuttle company wants this number to be small. That way they can decrease their profit and regularly inconvenience their customers.
#3 A brand name has a 50% recognition rate. Assume the owner of the brand wants to verify that rate by beginning with a small sample of 4 randomly selected consumers.
What is the probability that 3 or 4 of the selected consumers recognize the brand name?
The probability that at 3 or 4 of the selected consumers recognize the brand name is
(Round to three decimal places as needed.)
And the that in the pic. Thank you.
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