Calculating Binomial Probabilities - Suppose you work for an airline and you are taking reservations for a flight on an aircraft that has 152 seats. You know, based on historical flights trends, that if you sell a single ticket there is a 91% chance that the person with the ticket will actually show up for the flight. You decide to try to make a little extra money by overbooking your flight and you sell 160 tickets hoping that not more than 152 people will actually show up for the flight (note: this is a common business practice! Click here to watch a video that explains why)Explain how this scenario meets the four requirements in the definition of a Binomial Distribution (page 200)Identify what n and p are in this exampleUse technology (StatCrunch, Statdisk, or Excel) to calculate the probability that if you sell 160 tickets for your flight, more passengers will show up than there are seats available (again, the plane has 152 seats total). Post an image of your technology output using the Insert/Edit Image feature in Blackboard (no attachments!)Based on this probability, do you think it is a wise business practice to oversell your flight in this manner? Explain.

Given that P(A or B)= 1/4, P(A)=1/5, and P(A and B)= 1/8, find P(B). Express the probability as a simplified fraction. 

Part I:  Select a piece of real estate (residential, commercial, warehouse, land), any number of resources can be used (www.realtor.com is one option).  You will need to include a listing sheet/link with your submitted assignment.Part II:  Determine a down payment. (a standard down payment is 20%, however you may offer justification for any amount/percent you choose)Part III:  Research 2 different financing optionsPart IV:  Use Excel (or other approved spread sheet) to create a complete amortization schedule for the lif of both financing options.Part V:  Write an analysis that compares and contrasts the two financing options in detail.  Be specific.  Include justifications for selecting an option.A real estate listing sheet_____ / 5A description, explanation, or calculation of the down payment for the property_____ / 5A description of the two financing options/products being compared_____ / 5A "hand-made" Excel spread sheet containing side by side amortization schedules_____ / 15Written analysis (20 points total)  -  Explanation of any background information and/or further description of loan types selected_____ / 5  -  Analysis of the similarities and differences in the amortization schedules_____ / 5  -  Justification for selection of either option_____ / 5  -  Use of proper grammar, spelling, sentence structure and paragraph structure_____ / 5TOTAL  _____ /50I have attached a example  for Use or reference. This project must have a excel spreadsheet as specified above.