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Category > Statistics Posted 26 Apr 2017 My Price 5.00

An airline offers discounted advance

An airline offers discounted advance purchase 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

Alpha Geek
(8)
Status NEW Posted 26 Apr 2017 09:04 AM My Price 5.00

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file 1493199644-Answer.docx preview (179 words )
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