Question

In: Math

7. A major airline keeps track of data on how their passengers redeem frequent flyer miles....

7. A major airline keeps track of data on how their passengers redeem frequent flyer miles. They found that in the last year 58% of passengers redeemed them to purchase tickets for domestic travel, 44% redeemed them to purchase tickets for international travel, and that 16% redeemed them to purchase tickets for both domestic and international travel.

a. What is the probability that in the last year a passenger redeemed frequent flyer miles to purchase a ticket for domestic or international travel?

b. What is the probability that in the last year a passenger did not redeem frequent flyer miles to purchase a ticket for domestic or international travel?

c. Is redeeming frequent flyer miles to purchase a ticket for domestic and international travel mutually exclusive? Explain.

Solutions

Expert Solution


Related Solutions

4. An airline wants to know the impact of method of redeeming frequent-flyer miles and the...
4. An airline wants to know the impact of method of redeeming frequent-flyer miles and the age group of customers on how the number of miles they redeemed. To do so, they perform a two-way analysis of variance on the data for miles redeemed shown on cells L35 to O43 on the answers sheet. a. Identify the null and alternative hypotheses for each of the two main effects and the interaction. b. Use two-way analysis of variance to test each...
4. An airline wants to know the impact of method of redeeming frequent-flyer miles and the...
4. An airline wants to know the impact of method of redeeming frequent-flyer miles and the age group of customers on how the number of miles they redeemed. To do so, they perform a two-way analysis of variance on the data for miles redeemed shown on cells L35 to O43 on the answers sheet. a. Identify the null and alternative hypotheses for each of the two main effects and the interaction. b. Use two-way analysis of variance to test each...
Project 1: Frequent Flyer Miles Calculator Write a Ruby program that calculates how many frequent flyer...
Project 1: Frequent Flyer Miles Calculator Write a Ruby program that calculates how many frequent flyer miles are needes for a free ticket on a new startup airline, CorsairAir. Frequent flyer miles are charged for a free ticket depending on the class of service (more for first class, less for coach), depending on the day flying (more if flying on Friday, Saturday or Monday, less for other days of the week), depending on the distance traveled, and a surcharge if...
Airlines and hotels have many frequent-flyer and frequent-visitor programs in which individuals who fly the airline...
Airlines and hotels have many frequent-flyer and frequent-visitor programs in which individuals who fly the airline or stay at the hotel receive bonuses that are the equivalent to discounts. Give two reasons why these companies have such programs rather than simply offering lower prices. Can you give other examples of such programs? What is a likely reason why firms whose employees receive these benefits do not require their employees to give benefits to the firm?
Airlines and hotels have many frequent-flyer and frequent-visitor programs in which individuals who fly the airline...
Airlines and hotels have many frequent-flyer and frequent-visitor programs in which individuals who fly the airline or stay at the hotel receive bonuses that are the equivalent to discounts. Give two reasons why these companies have such programs rather than simply offering lower prices. Can you give other examples of such programs? What is a likely reason why firms whose employees receive these benefits do not require their employees to give benefits to the firm?
An airline is planning on making changes to its Frequent Flyer program. Before implementing them, they...
An airline is planning on making changes to its Frequent Flyer program. Before implementing them, they want to know what their customers think about the changes. They plan to sample a portion of their customers who are members of their Frequent Flyer program. They have two lists: One sorted by what level of frequent flyer the customer is: Gold (15 or more flights a year; about 15% of customers), Silver (5 to 14 flights a year; about 25% of customers);...
In the airline industry, frequent flyer programs, ticket kiosks, and e-ticketing are all   examples of capabilities...
In the airline industry, frequent flyer programs, ticket kiosks, and e-ticketing are all   examples of capabilities that are: rare. hard to copy. socially complex. valuable.
How do competing airline carrier fares compare?  A frequent flyer investigated round-trip fares for non-stop travel from...
How do competing airline carrier fares compare?  A frequent flyer investigated round-trip fares for non-stop travel from Philadelphia to 10 different U.S. destinations on Southwest Airlines and US Airways. The following data was collected: Southwest Fare ($) US Airways Fare ($) 706 706 718 674 980 980 1078 1284 654 654 820 748 820 728 832 822 1114 1918 1138 1918 a.  At the .05 level of significance, is there evidence of a difference in the mean round-trip fare between Southwest Airlines...
An airline claims that the no-show rate for passengers is less than 7%. In a sample...
An airline claims that the no-show rate for passengers is less than 7%. In a sample of 420 randomly selected reservations, 18 w ere no-shows. At α = 0.01, test the airline's claim. A. P-value = 0.002 < 0.01; reject H0; There is not enough evidence to support the airline's claim, that is less than 7% B. P-value = 0.003 < 0.01; reject H0; There is not enough evidence to support the airline's claim, that is less than 7% C....
Airlines and hotels give bonus frequent-flyer miles, gifts, and free companion tickets to attract the business traveler. These promotions are often provided
Airlines and hotels give bonus frequent-flyer miles, gifts, and free companion tickets to attract the business traveler. These promotions are often provided in lieu of a price cut. The traveler benefits personally, although their company does not get the benefit of lower rates. Is this ethical?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT