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alexdok [17]
3 years ago
8

A person traveling from Seattle to Sydney has three airlines to choose from. 40% of travelers choose airline A, and this airline

arrives late to Sydney 10% of the time. 35% choose airline B, and this airline arrives late 15% of the time. 25% choose airline C, and this airline is late 8% of the time. If a randomly selected traveler is on a flight from Seattle which arrives late to Sydney, what is the probability that they flew with airline B?
Mathematics
1 answer:
dalvyx [7]3 years ago
5 0

Answer:

46.67% probability that they flew with airline B.

Step-by-step explanation:

We have these following probabilities:

A 40% probability that a traveler chooses airline A.

A 35% probability that a traveled chooses airline B.

A 25% probability that a traveler chooses airline C.

If a passenger chooses airline A, a 10% probability that he arrives late.

If a passenger chooses airline B, a 15% probability that he arrives late.

If a passenger chooses airline C, a 8% probability that he arrives late.

If a randomly selected traveler is on a flight from Seattle which arrives late to Sydney, what is the probability that they flew with airline B?

This can be formulated as the following problem:

What is the probability of B happening, knowing that A has happened.

It can be calculated by the following formula

P = \frac{P(B).P(A/B)}{P(A)}

Where P(B) is the probability of B happening, P(A/B) is the probability of A happening knowing that B happened and P(A) is the probability of A happening.

So

What is the probability that the traveler flew with airline B, given that he was late?

P(B) is the probability that he flew with airline B.

So P(B) = 0.35

P(A/B) is the probability of being late when traveling with airline B. So P(A/B) = 0.15.

P(A) is the probability of being late. This is the sum of 10% of 40%(airline A), 15% of 35%(airline B) and 8% of 25%(airline C).

So

P(A) = 0.1*0.4 + 0.15*0.35 + 0.08*0.25 = 0.1125

Probability

P = \frac{P(B).P(A/B)}{P(A)} = \frac{0.35*0.15}{0.1125} = 0.4667

46.67% probability that they flew with airline B.

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Answer:

A = $47,500.00, B = $65,536.00; B, because he receives $18,036.00 more

Step-by-step explanation:

Option A Versus Option B

Option A                                                Option B

Day Amount Deposited                        Day Amount Deposited

0     $40,000.00                                    0       $1.00

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2      $40,500.00                                    2       $4.00

...

30   $47,500                                          16      $65,536.00

Answer:

A = $47,500.00, B = $65,536.00; B, because he receives $18,036.00 more

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