Please only answer part D Thank you! 3. A shuttle takes passengers from Florida Tech to Melbourne Airport. Shuttle can take 5passengers (in a trip). Reservations are made through a website and 8 passengers can makereservations for the same shuttle (overbooking). Twenty percent (20%) of passengers whomade reservations do not show up.Eight reservations are made. Passengers make reservations and show up independent ofeach other.a. What is the probability that all passengers who show up, can be accommodated?b. What is the expected number of passengers with reservations who show up (for a trip)?c. What is the expected number of passengers that cannot be accommodated (for a trip)?d. A reservation costs $25 and passengers who cannot be accommodated will receive $25refund.How much is the expected refund (dollar amount)?

The refund will make in the case when the number of passengers who show up is greater than 5 as…

Answered: d. A reservation costs $25 and…

d. A reservation costs $25 and passengers who cannot be accommodated will receive $25 refund. How much is the expected refund (dollar amount)?

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

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Please only answer part D Thank you!

3. A shuttle takes passengers from Florida Tech to Melbourne Airport. Shuttle can take 5
passengers (in a trip). Reservations are made through a website and 8 passengers can make
reservations for the same shuttle (overbooking). Twenty percent (20%) of passengers who
made reservations do not show up.
Eight reservations are made. Passengers make reservations and show up independent of
each other.
a. What is the probability that all passengers who show up, can be accommodated?
b. What is the expected number of passengers with reservations who show up (for a trip)?
c. What is the expected number of passengers that cannot be accommodated (for a trip)?
d. A reservation costs $25 and passengers who cannot be accommodated will receive $25
refund.
How much is the expected refund (dollar amount)?

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