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The sinking of the Titanic remains one of the worst maritime disasters in history. It certainly is one of the most famous ones. According to Wikipedia, "RMS Titanic was a British passenger liner operated by the White Star Line that sank in the North Atlantic Ocean on 15 April 1912, after striking an iceberg during her maiden voyage from Southampton to New York City. Of the estimated 2,224 passengers and crew aboard, more than 1,500 died, making the sinking at the time one of the deadliest of a single ship and the deadliest peacetime sinking of a superliner or cruise ship to date. The following table is based on data I have of the survival of passengers based on the type of ticket. Titanic Passengers OUTCOME TICKET Survivor Victim Total 1st Class 202 123 325 Second Class 118 167 285 Third Class 178 528 706 Total 498 818 1316 Based on a Model of Independence, what is the expected value of a Victim in 1st Class? Use three decimal places for your answer. Use the proper rules of rounding.

The sinking of the Titanic remains one of the worst maritime disasters in history. It certainly is one of the most famous ones. According to Wikipedia, "RMS Titanic was a British passenger liner operated by the White Star Line that sank in the North Atlantic Ocean on 15 April 1912, after striking an iceberg during her maiden voyage from Southampton to New York City. Of the estimated 2,224 passengers and crew aboard, more than 1,500 died, making the sinking at the time one of the deadliest of a single ship and the deadliest peacetime sinking of a superliner or cruise ship to date. The following table is based on data I have of the survival of passengers based on the type of ticket. Titanic Passengers OUTCOME TICKET Survivor Victim Total 1st Class 202 123 325 Second Class 118 167 285 Third Class 178 528 706 Total 498 818 1316 Based on a Model of Independence, what is the expected value of a Victim in 1st Class? Use three decimal places for your answer. Use the proper rules of rounding.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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The sinking of the Titanic remains one of the worst maritime disasters in history. It certainly is one of the most famous ones. According to Wikipedia, "RMS Titanic was a British passenger liner operated by the White Star Line that sank in the North Atlantic Ocean on 15 April 1912, after striking an iceberg during her maiden voyage from Southampton to New York City. Of the estimated 2,224 passengers and crew aboard, more than 1,500 died, making the sinking at the time one of the deadliest of a single ship and the deadliest peacetime sinking of a superliner or cruise ship to date. The following table is based on data I have of the survival of passengers based on the type of ticket. Titanic Passengers OUTCOME TICKET Survivor Victim Total 1st Class 202 123 325 Second Class 118 167 285 Third Class 178 528 706 Total 498 818 1316 Based on a Model of Independence, what is the expected value of a Victim in 1st Class? Use three decimal places for your answer. Use the proper rules of rounding.
Transcribed Image Text:The sinking of the Titanic remains one of the worst maritime disasters in history. It certainly is one of the most famous ones. According to Wikipedia, "RMS Titanic was a British passenger liner operated by the White Star Line that sank in the North Atlantic Ocean on 15 April 1912, after striking an iceberg during her maiden voyage from Southampton to New York City. Of the estimated 2,224 passengers and crew aboard, more than 1,500 died, making the sinking at the time one of the deadliest of a single ship and the deadliest peacetime sinking of a superliner or cruise ship to date. The following table is based on data I have of the survival of passengers based on the type of ticket. Titanic Passengers OUTCOME TICKET Survivor Victim Total 1st Class 202 123 325 Second Class 118 167 285 Third Class 178 528 706 Total 498 818 1316 Based on a Model of Independence, what is the expected value of a Victim in 1st Class? Use three decimal places for your answer. Use the proper rules of rounding.
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