Suppose travellers purchase airline tickets 20 days before their planned travel date, on average. a) [2...
Suppose travellers purchase airline tickets 20 days before their planned travel date, on average.
a) [2 marks] What is the probability that a traveller will purchase their airline ticket no more than 10 days before their planned travel date?
b) [1 mark] Notice that 10 days is exactly half of 20 days. Why isn’t your probability in part a) equal to 0.5? Please answer in one sentence.
c) [3 marks] What is the probability that a traveller will purchase their airline ticket 17 – 19 days before their planned travel date?
d) [1 mark] What is the probability that a traveller will purchase their airline ticket 18 days before their planned travel date?
Homework Answers
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Suppose travellers purchase airline tickets 20 days before their
planned travel date, on average.
a) [2...
1. (10 pts) The number of days ahead travelers purchase their airline tickets can be modeled...
1. (10 pts) The number of days ahead travelers purchase their airline tickets can be modeled by an exponential distribution with the average equal to 20 days. If you want to wait until half of travelers purchase their tickets, how many days ahead do you have to buy your tickets? (Calculate your answer with decimals.)
Can someone do 28, 32, 40, and 44 198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Ca...
Can someone do 28, 32, 40, and 44
198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Cash 4 admission to college); the Law School Admissions Test, or LSAT; and the Graduate Record Exam, GRE (used for admission to graduate school). 32. New York's "Pick 10" is a 10/80 lottery Sometimes, these maltiple-choice tests discourage guessing by subtracting points for wrong answers In particular, a correct answer will be worth +1...
what are the journal entries for 32,34,&35? fx The note payable relating to the June 2,...
what are the journal entries for 32,34,&35?
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1. (10 pts) The number of days ahead travelers purchase their airline tickets can be modeled by an exponential distribution with the average equal to 20 days. If you want to wait until half of travelers purchase their tickets, how many days ahead do you have to buy your tickets? (Calculate your answer with decimals.)
Can someone do 28, 32, 40, and 44
198 CHAPTER 3 Probability c. Use the results of parts a and b to find ed value of Cash 4 admission to college); the Law School Admissions Test, or LSAT; and the Graduate Record Exam, GRE (used for admission to graduate school). 32. New York's "Pick 10" is a 10/80 lottery Sometimes, these maltiple-choice tests discourage guessing by subtracting points for wrong answers In particular, a correct answer will be worth +1...
what are the journal entries for 32,34,&35?
fx The note payable relating to the June 2, and 10 transactions is a five-year - The fixed assets have estimated useful lives as follows: Building - 31.5 years Computer Equipment - 5.0 years Office Equipment - 7.0 years Use the straight-line method of depreciation Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building's scrap value is $7,500. The...
What happened on United flight 3411?What service expectations
do customers have of airlines such as United and How did these
expectations develop over time?
Thank You!
In early April 2017, United Airlines (United), one of the largest airlines in the world, found itself yet again in the middle of a service disaster this time for forcibly dragging a passenger off an overbooked flight. The incident was to become a wake-up call for United, forcing it to ask itself what to...
2) compute contribution margin for each channel
3) compute break even point (in terms of number of orders and
dollars) for each distribution channel
(HINT - Fixed costs are all trade show expenses. Use
depreciation for the booth as a fixed cost. The booth cost should
be considered an investment not a fixed cost)
4) Calculate the number of orders at a target profit of
$100,000
5) Calculate the profitability for both the low and high order
estimates
We were...
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