In 2006, the probability of being “bumped” (voluntarily or involuntarily) on a U.S. airline was XXXXXXXXXXIn August, 5,000 accountants traveled from various cities to the annual American Accounting...

In 2006, the probability of being “bumped” (voluntarily or involuntarily) on a U.S. airline was .00128. In August, 5,000 accountants traveled from various cities to the annual American Accounting Association meeting in Washington, D.C. (a) What is the expected number of bumped passengers? (b) What is the approximate Poisson probability of fewer than ten bumped passengers? More than five? (c) Would you expect the approximation likely to be accurate (cite a rule of thumb)? (d) Is the approximation attractive in this case? (See The Wall Street Journal, October 10, 2006, p. D4).