Bi-nominal distribution – JMP Exercise

An operations manager for a major airline carrier conducts an analysis of overbooked flights. The airline’s goal is to have every seat on the aircraft…

An operations manager for a major airline carrier conducts an analysis of overbooked flights. The airline’s goal is to have every seat on the aircraft filled by a passenger on each flight. Based on historical data, the airline estimates that 80% of the individuals that have a ticket for a particular flight actually board that flight. In order to compensate for the no shows, the airline overbooks each flight. If the number of individuals with a ticket at the gate exceeds the capacity of the aircraft, the airline must offer compensation to any individual willing to surrender their ticket. The airline will continue to increase this compensation until the number of individuals with tickets equals the capacity of the aircraft. As the date of each flight approaches, the airline must determine how many tickets to sell. If a flight has 20 open seats remaining four days before the flight date, how many tickets should the airline sell in order to fill as many seats as possible while keeping the likelihood of overbooking less than 0.15?

Hint: Think of a passenger showing up for the flight as a success and the number of tickets sold as independent trials. Your task is to determine how many trials should be conducted.

[a]

What is the name of the distribution that you used to model this problem?

[b]

What are the values of the parameters of this distribution?

[c]

Use the JMP Distribution and Probability Calculator to find . Paste a screenshot of the JMP Distribution and Probability Calculator with inputs and graph on the next page.

[d]

Based on your analysis, how many tickets should the airline sell?

Sample Solution
Macbeth is a catastrophe by William Shakespeare; It performs the mentally harming impacts of political aspiration and eagerness on the individuals who look for control for their very own increase. In the play a few composing procedures are shown to show the overstated ascent and fall of Macbeth’s character and his activities that lead to the results. In the play Macbeth characteristics his ascent and tumble to himself with no outside powers or characters. This is clear regardless of the association of Lady Macbeth pushing him into turning out to be above all else strongly. It begins with Macbeth’s first ascent which must be authorize to his character as his very own result activities and accomplishments on the front lines against the foe Norwegian powers. The play at that point advances to the start of his first fall when he meets the witches. Therefor his ascent and fall were affected and expedited by both inner and outside powers and characters. An essential part in Macbeth’s ascent was Lady Macbeth. She controlled Macbeth however numerous systems like expelling his capacity to act and take control like a man would and turned into the prevailing individual in the relationship. She utilized this to control him however joke and proposing he is a quitter. She says “Wouldst thou have that that which thou esteem’st the trimming of life and live a defeatist in thine possess regard” (Act 1 Sc 7 Line 42 – 44) She says the crown is the ‘decoration of life’ and to endeavor to your hardest to pick up it is a demonstration of weakness. She says this in a practically dull suggestion which gives the message a hazily mighty tone just as she is explicitly controlling Macbeth without an idea for him. Along these lines she has as of now totally moved past Macbeth and is just concentrating on herself. Later on Macbeth asks what they ought to do in the event that they fizzle, and accordingly she says, “We come up short!, But screw your mental fortitude to the staying spot, And we’ll not fail”(I,vii, 73 – 76). In this statement she disdains Macbeth for imagining that they will come up short, in doing so setting up her strength over him once more. At the point when she says “screw your mental fortitude to the staying place” she is alluding to the time when he is the most grounded. A cutting edge elucidation of this could be “botch your boldness”, similarly that it imagines the possibility of safely affixing your mental fortitude to a safe place and by having this recharged fearlessness you can’t fall flat. (88) A couple of lines after these statements Macbeth says “Deliver men-youngsters just” (I,vii, 88) By saying this he is indicating that her previous words that he isn’t sufficient are not relevant any more, thusly he is turning out to be progressively manly like she said before “Go to my lady’s bosoms, And take my milk for nerve, you killing clergymen” (I,v, 80 – 81) By saying this she is removing her woman’s rights and getting increasingly self-assured and manly. Another essential outside power in Macbeth’s both Rise and his Fall were the witches. The two of them planted the thought in Macbeth’s mind to become ruler and later in the play got shrewdness from their Mistress, Hecate, who is the goddess of enchantment, black magic, the night, moon, apparitions and sorcery and the individual that the witches report to. They at that point gave Macbeth a misguided sensation that all is well and good by causing him to accept that he is protected from the individuals who plot against him. The witches state, “All hail, Macbeth, thou shalt be top dog henceforth!” By hailing Macbeth they give him a feeling of prevalence over them and cause him to accept that he will be lord from that point on. In a specific sense the confidence in black magic around those occasions contributed enormously to the play, if this had been set in current occasions and this happened nobody would pay attention to the witches yet because of the significant level of faith in black magic Macbeth thinks about what they state and this sows the seed. Hecate at that point says, when meeting with the witches, “In enigmas and issues of death, And I, the paramour of your charms… Was never call’d to endure my part,” (III,v, 4 – 8). In this statement Hecate is goaded at not being called by the witches to interfere with Macbeth and is irritated that they acted under they’re sans claim will and not at her guidance. She is fundamentally saying that she is almighty with regards to death and how demise happens and that she is the genuine ace at leading other’s frequently unfavorable passings.>GET ANSWER Let’s block ads! (Why?)

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