A shuttle company has a policy of overbooking because based on past research, on

Question

A shuttle company has a policy of overbooking because based on past research, only 80% of people who buy their tickets actualy 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) nterpret 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 inco e ence their custo ers. O B. The shuttle company wants this number to be small. That way they can decrease their profit and regularly inconvenience their customers O C. The shuttle company wants this number to be small. That way they can increase their profit, but do not regularly inconvenience their customers. O D. The shuttle company wants this number to be big. That way they can increase their profit, but do not regularly inconvenience their customers.

Explanation / Answer

probabilityt that there will not be enough seats =P(X=20) =(0.89)20 =0.097

option C is correct

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