Suppose that the mean cost of domestic airfares in the United States is $399 per ticket,...
Suppose that the mean cost of domestic airfares in the United States is $399 per ticket, with a standard deviation of $119. If domestic airfares are normally distributed, what is the cost for the highest 5% of domestic airfares?
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Suppose that the mean cost of domestic airfares in the United
States is $399 per ticket,...
The mean cost of domestic airfares in the United States rose to an all-time high of $400 per ticket. Airfares were base...
The mean cost of domestic airfares in the United States rose to an all-time high of $400 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $115. Use Table 1 in Appendix B. a. What is the probability that a domestic airfare is $545 or more (to 4 decimals)? b. What is the...
The mean cost of domestic airfares in the United States rose to an all time high...
The mean cost of domestic airfares in the United States rose to an all time high of $390 per ticket air fares were based on the total ticket value which consisted of the price charged by the airlines plus any additional taxes and fees assume domestic airfares are normally distributed with a standard deviation of $115. what is the cost for the 2% highest domestic airfares? (rounded to nearest dollar)
The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket (Bureau of Transpor...
The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket (Bureau of Transportation Statistics website, November 2, 2012). Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110. a. What is the probability that a domestic airfare is $550 or more (to 4 decimals)? b. What...
The mean cost of domestic airfares in the United States rose to an all-time high of...
The mean cost of domestic airfares in the United States rose to an all-time high of $370 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $120. a. What is the probability that a domestic airfare is $555 or more (to 4 decimals)? b. What is the probability that a domestic airfare is...
The mean cost of domestic airfares in the United States rose to an all-time high of...
The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $120. Use Table 1 in Appendix B. a. What is the probability that a domestic airfare is $530 or more (to 4 decimals)? b. What is the...
The mean cost of domestic airfares in the United States rose to an all-time high of...
The mean cost of domestic airfares in the United States rose to an all-time high of $370 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $115. Use Table 1 in Appendix B. a. What is the probability that a domestic airfare is $530 or more (to 4 decimals)? 0.0721 b. What is...
The mean cost of domestic airfares in the United States rose to an all-time high of...
The mean cost of domestic airfares in the United States rose to an all-time high of $375 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110. Use Table 1 in Appendix B. a. What is the probability that a domestic airfare is $530 or more (to 4 decimals)? b. What is the...
The mean cost of domestic airfares in the United States rose to an all-time high of...
The mean cost of domestic airfares in the United States rose to
an all-time high of $395 per ticket. Airfares were based on the
total ticket value, which consisted of the price charged by the
airlines plus any additional taxes and fees. Assume domestic
airfares are normally distributed with a standard deviation of
$110. Use Table 1 in Appendix B.
The mean cost of domestic airfares in the United States rose to an all-time high of...
The mean cost of domestic airfares in the United States rose to an all-time high of $395 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $115. Use Table 1 in Appendix B. a. What is the probability that a domestic airfare is $550 or more (to 4 decimals)?
The mean cost of domestic airfares in the United States rose to an all-time high of...
The mean cost of domestic airfares in the United States rose to an all-time high of $370 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $115. Use Table 1 in Appendix B (binomial distribution table). a. What is the probability that a domestic airfare is $545 or more (to 4 decimals)? b....
The mean cost of domestic airfares in the United States rose to an all-time high of $400 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $115. Use Table 1 in Appendix B. a. What is the probability that a domestic airfare is $545 or more (to 4 decimals)? b. What is the...
The mean cost of domestic airfares in the United States rose to
an all-time high of $395 per ticket. Airfares were based on the
total ticket value, which consisted of the price charged by the
airlines plus any additional taxes and fees. Assume domestic
airfares are normally distributed with a standard deviation of
$110. Use Table 1 in Appendix B.
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