Final answer:
The probability of at least 102 flights out of 120 landing on time is approximately 88.09%.
Step-by-step explanation:
To calculate the probability that at least 102 out of 120 flights will land on time, we need to use the binomial distribution. Let's assume that each flight has a probability of 78.73% of landing on time, which is the proportion reported by the US Bureau of Transportation Statistics.
The probability of exactly k successes in n trials, where the probability of success in each trial is p, can be calculated using the binomial probability formula:
P(X = k) = C(n, k) * p^k * (1 - p)^(n - k)
In this case, we want to find the probability of at least 102 successful flights out of 120, so we need to calculate the probabilities for k = 102, 103, 104, ..., 120 and sum them up.
Using a binomial probability calculator or software, we can find that the probability of at least 102 successful flights out of 120 is approximately 0.8809, or 88.09%.