Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 07 Jan 2018 My Price 5.00

advance-purchase ticket

No-shows. An airline offers discounted advancepurchase fares to customers who buy tickets more than 30 days before travel and charges regular fares for tickets purchased during those last 30 days. The company has noticed that 60% of its customers take advantage of the advance-purchase fares. The no-show rate among people who paid regular fares is 30%, but only 5% of customers with advance-purchase tickets are no-shows.

a) What percent of all ticket holders are no-shows?

b) What’s the probability that a customer who didn’t show had an advance-purchase ticket?

c) Is being a no-show independent of the type of ticket a passenger holds? Explain.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 07 Jan 2018 10:01 PM My Price 5.00

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