Question

Airline flights can be either discretionary or essential. For most people, the price you pay for where you sit in the plane is a discretionary expense. The seat map for a particular flight is shown here. There are a total of 149 seats on this flight. Although seating prices change based on a number of factors, answer the questions below based on the prices listed above. a. Simulate the creation of a frequency chart by selecting the correct values based on the diagram above. First Class Price: $850 Number of Seats: 16 Deluxe Premium Price: $540 Number of Seats: 25 Preferred Plus Price: $400 Number of Seats: 33 Preferred Price: $320 Number of Seats: 16 Economy Price: $280 Number of Seats: 59 b. If all seats were sold for this flight, what would be the total airline income for the seats? c. Based on the information in the frequency chart, determine the mean, median, and mode seat prices. Round to the nearest cent. Mean: Median: Mode:

Answer 1

Based on the information provided in the frequency chart (see attachment), we have the following statistical parameter:

1. Mean = $415.70.
2. Median = $320.
3. Mode = $280.

What is a frequency chart?

A frequency chart can be defined as a type of table which can be used to graphically represent (show) the frequencies or relative frequencies that are associated with a categorical variable.

If all seats were sold for this flight, the total airline income for the seats would be given by:

Total airline income = 850(16) + 540(25) + 400(33) + 320(16) + 280(59)

Total airline income = 13,600 + 13,500 + 13,200 + 5,120 + 16,520

Total airline income = $61,940.

Based on the information provided in the frequency chart (see attachment), the mean is given by:

Mean = [F(x)]/n

Mean = 61,940/149

Mean = $415.70.

Based on the information provided in the frequency chart (see attachment), the median is given by:

Median = $320.

Based on the information provided in the frequency chart (see attachment), the mode is given by:

Mode = $280.

Read more on mean here: brainly.com/question/9550536

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