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. What is the probability that a domestic airfare is $550 or more? What is the probability that a domestic airfare is $250 or less? What is the probability that a domestic airfare is between $300 and $500? What is the cost for the 3% highest domestic airfares?
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. What is the probability that a domestic airfare is $550 or more? What is the probability that a domestic airfare is $250 or less? What is the probability that a domestic airfare is between $300 and $500? What is the cost for the 3% highest domestic airfares?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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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
standard deviation of $110.
- What is the
probability that a domestic airfare is $550 or more? - What is the probability that a domestic airfare is $250 or less?
- What is the probability that a domestic airfare is between $300 and $500?
- What is the cost for the 3% highest domestic airfares?
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