Mathematics, 12.01.2021 04:00 chaserandall2004
Mudlark Airlines has a 15-seater commuter turboprop that is used for short flights. Their data suggest that about 8% of the customers who buy tickets are no-shows. Wanting to avoid empty seats and avoid missing an opportunity to increase revenue, Mudlark decides to sell 17 tickets for each flight. Ticketed customers who can’t be seated on the plane will be accommodated on another flight and will receive a certificate good for a free flight at another time. Design and carry out a simulation to estimate the probability that at least one ticket-holder is denied a seat on the plane if 17 tickets are sold.
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