An airline knows from past experience that 5% of people making reservations on a certain flight will not show up. Consequently, their policy is to sell 63 tickets for a flight that can hold only 60 passengers. What is the probability that there will be a seat available for every passenger who shows up?
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Answer to this question is 1 − ( 0 . 9 5 ) 6 3 − ( 1 6 3 ) × ( 0 . 9 5 ) 6 2 × ( 0 . 0 5 ) − ( 2 6 3 ) × ( 0 . 9 5 ) 6 1 × ( 0 . 0 5 ) 2 = 0 . 6 1 5 8 4