Airlines sometimes overbook flights. Suppose that for a plane with 50 seats, 55 passengers have tickets. Define the random variable Y as the number of ticketed passengers who actually show up for the flight. The probability mass function of Y appears in the accompanying table.
y | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 |
---|---|---|---|---|---|---|---|---|---|---|---|
p(y) |
0.05 | 0.10 | 0.12 | 0.14 | 0.25 | 0.17 | 0.05 | 0.02 | 0.06 | 0.01 | 0.03 |
Calculate V(Y) and σY. (Round your variance to four decimal places and your standard deviation to two decimal places.)
Determine the probability that Y is within 1 standard deviation of its mean value.
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