You may need to use the appropriate appendix table to answer this question.
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 $110.
(a) What is the probability that a domestic airfare is $539 or more? (Round your answer to four decimal places.)
(b) What is the probability that a domestic airfare is $210 or less? (Round your answer to four decimal places.)
(c) What is the probability that a domestic airfare is between $300 and $500? (Round your answer to four decimal places.)
(d) What is the minimum cost in dollars for a fair to be included in the highest 3% of domestic airfares? (Round your answer to the nearest integer.)
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You may need to use the appropriate appendix table to answer this question. The mean cost...
You may need to use the appropriate appendix table to answer this question. 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 $110. (a) What is the probability that a domestic airfare is $561 or more?...
eBook 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 $110. Use Table 1 in Appendix B. a. What is the probability that a domestic airfare is $560 or more (to 4 decimals)? 0.0558 b. What...
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 $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 $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 $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 $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 $550 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 $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...
Check My Work (2 remaining) 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 $105. Use Table 1 in Appendix B. a. What is the probability that a domestic airfare is $550 or more (to 4...
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....