Question
In: Statistics and Probability
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 $100. 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 probability that a domestic airfare is $240 or less (to 4 decimals)?
c. What if the probability that a domestic airfare is between $320 and $480 (to 4 decimals)?
d. What is the cost for the 4% highest domestic airfares? (rounded to nearest dollar)
Solutions
orchestra answered 2 years agoRelated Solutions
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. 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...
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....
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 $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
$120. Use Table 1 in Appendix B.
What is the probability that a
domestic airfare is $530 or more (to 4 decimals)?
b. What is the probability...
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 $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
$120. Use Table 1 in Appendix B.
a. What is the probability that a domestic
airfare is $560 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 $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 $560 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 $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
$100. Use Table 1 in Appendix B.
a. What is the probability that a domestic
airfare is $540 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 $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?
(Round your answer to four decimal places.)
(b)
What is the probability that...
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 $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 $560 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 $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
$105. 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 $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
$100. Use Table 1 in Appendix B.
a. What is the probability that a domestic
airfare is $540 or more (to 4 decimals)?
b. What is the...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Why do we need to exam whether a company is operating at full capacity?
- Pick a project with which you are familiar. Briefly describe the project. Once you have provided...
- 1) Describe what a VLAN is and how it might be important with wireless networks. ...
- Java Collatz Conjecture (Timelimit: 3 seconds) Problem Description Write a Java program to solve the following...
- An avid gardener plants a kiwi vine in the backyard. After many years, in spite of...
- what you feel like are the two most important policy proposals/directions that should be implemented/explored in...
- Discussion 06.2: Fresh Water: A Limited Resource Read “Growing Demands for a Limited Supply of Water...
ADVERTISEMENT