Question

There is was an article in a travel magazine that posed the question..."Why are flights so much cheaper in Europe than in the United States?" The article reported that transatlantic round-trip flights originating in the United States can be more expensive than the same flights originating in Europe. The data on several flights was gathered for 3 airline companies. What is the Average Price of a ticket originating in Chicago using United Airlines? Round your answer to two decimal places. NOTE: This data corresponds with worksheet tab, Q33, in the Exam 2 Excel file in Canvas. You will use this for questions Q33-39. United Air France British Chicago 1063 1314 1442 1299 1493 1413 995 1443 1063 1299 1577 1442 1406 1314 1575 London 1015 1374 1603 856 977 1531 802 1043 1079 850 1070 807 935 1428 870

Answer 1

Answer:

The average price of a ticket originating in Chicago using United Airlines is $1212.40.

Step-by-step explanation:

The data provided is as follows:

                    United Air France British

Chicago         1063              1314          1442

                      1299             1493           1413

                       995             1443          1063

                      1299             1577          1442

                      1406             1314          1575

London         1015             1374          1603

                       856              977           1531

                       802             1043          1079

                       850             1070           807

                       935             1428           870

The data for the price of a ticket originating in Chicago using United Airlines is:

Chicago = {1063, 1299, 995, 1299, 1406}

Compute the average price as follows:

$\bar X=\frac{1}{n}\sum X$

   $=\frac{1}{5}\times [1063+1299+995+1299+1406]\\\\=\frac{6062}{5}\\\\=1212.40$

Thus, the average price of a ticket originating in Chicago using United Airlines is $1212.40.