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Re:Woman makes $420k by buying insurance on flights she pred... by thehappypm on Monday June 15, 2020 @02:18PM (#23530959)
For a flight to have gone from 120% to nearly empty would mean that some large group didn't show up. Maybe an entire tour bus was delayed by a flat tire or something. Statistically speaking, a hundred people simultaneously missing their flight is vanishingly unlikely.
Re:Woman makes $420k by buying insurance on flights she pred... by Plough_Jogger on Monday June 15, 2020 @04:37PM (#23532670)
Many corporate travelers can book and re-book with no change fees, so this happens more than you would expect.

The most common reason I've seen is a large corporation cancelling or rescheduling an all-hands / quarterly meeting that everyone above a certain level (e.g. directors / VPs) from non-HQ offices travels to HQ to attend.

For an Oakland to Las Vegas flight, I'd guess a conference, music festival, or sporting event was cancelled.

Re:Woman makes $420k by buying insurance on flights she pred... by nightcracker on Monday June 15, 2020 @04:53PM (#23532844)
> Statistically speaking

Statistics generally (there are exceptions of course) makes very broad assumptions about independence and random selection of your samples.

For a group of people as correlated as having the same destination at exactly the same time using the same airplane I would be very wary of applying any statistics at all, even ignoring the possibility of a large group.

Hundreds of otherwise independent people can decide to not show up simultaneously due to terrorist attacks, corona, a cheaper alternative, a conference being cancelled, etc.

Re:Woman makes $420k by buying insurance on flights she pred... by thehappypm on Monday June 15, 2020 @07:48PM (#23534400)
I think you are restating my point.
Re:Woman makes $420k by buying insurance on flights she pred... by kebman on Wednesday June 17, 2020 @07:10AM (#23550063)
Bayesian statistics might show a more interesting answer, though.