Every economic decision has only positive benefits. gained opportunities. unavoidable limitations. a consequence or tradeoff.

Mathematics

2 answers:

statuscvo [17]4 years ago

8 0

the answer to this question is D

Alina [70]4 years ago

3 0

Every economic decision has "a consequence or tradeoff" - this final answer choice is correct. Every time that an individual, business, or institution makes an economic decision, they always forgo an opportunity to use the same capital or resources for other endeavors. As such, there is a tradeoff incurred by not making the decision to use the resource in another manner. This is known as opportunity cost and is one of the fundamental tenets of economic theory.

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The problem of matching aircraft to passenger demand on each flight leg is called the flight assignment problem in the airline i

Darina [25.2K]

Answer:

Step-by-step explanation:

Given that the demand for the 6 p.m. flight from Toledo Express Airport to Chicago's O'Hare Airport on Cheapfare Airlines is normally distributed with a mean of 132 passengers and a standard deviation of 42

Let X be the no of passengers who report

X is N(132, 42)

Or Z is $\frac{x-132}{42}$

a) Suppose a Boeing 757 with a capacity of 183 passengers is assigned to this flight.

the probability that the demand will exceed the capacity of this airplane

= $P(X>183) = P(Z>1.21) =$

$=0.5-0.3869\\=0.1131$

b) the probability that the demand for this flight will be at least 80 passengers but no more than 200 passengers

= $P(80\leq x\leq 200)\\= P(-1.23\leq z\leq 1.62)\\$

=0.4474+0.3907

=0.8381

c) the probability that the demand for this flight will be less than 100 passengers

$=P(x$

d) If Cheapfare Airlines wants to limit the probability that this flight is overbooked to 3%, how much capacity should the airplane that is used for this flight have? passengers

= $P(Z>c)=0.03\\c=1.88\\X=132+1.88(42)\\=210.96$