An airline studied the data from their passenger records and noted that their customers turn up only about 95% of the time. A flight can accommodate 40 passengers and each seat costs 4,000 Php....

An airline studied the data from their passenger records and noted that their customers turn up only about 95% of the time. A flight can accommodate 40 passengers and each seat costs 4,000 Php. Suppose each passenger books a ticket independently and the airline decides to sell 42 tickets for the flight.

6. Compute the profit for each value of X., Then by multiplying the probability and the profit determine the expected profit of the company if they sell 42 tickets. Is this higher than the profit when exactly 40 tickets are sold? Use technology as needed.