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ladessa [460]
2 years ago
15

An airline charges the following baggage fees: $25 for the first bag and $35 for the second. Suppose 51% of passengers have no c

hecked luggage, 33% have one piece of checked luggage and 16% have two pieces. We suppose a negligible portion of people check more than two bags.
Required:
a. Build a probability model, compute the average revenue per passenger, and compute the corresponding standard deviation.
b. About how much revenue should the airline expect for a flight of 120 passengers? With what standard deviation? Note any assumptions you make and if you think they are justified.
Mathematics
1 answer:
Orlov [11]2 years ago
6 0

Answer:

The average revenue per passenger is about $13.85

μ = $13.85

The corresponding standard deviation is $14.51

σ = $14.51

The airline should expect revenue of $1,662 with a standard deviation of $14.51 for a flight of 120 passengers.

Expected revenue = $1,662 ± 14.51

Step-by-step explanation:

An airline charges the following baggage fees:

$25 for the first bag and $35 for the second

Suppose 51% of passengers have no checked luggage,

P(0) = 0.51

33% have one piece of checked luggage and 16% have two pieces.

P(1) = 0.33

P(2) = 0.16

a. Build a probability model, compute the average revenue per passenger, and compute the corresponding standard deviation.

The average revenue per passenger is given by

μ = 0×P(0) + 25×P(1) + 35×P(2)

μ = 0×0.51 + 25×0.33 + 35×0.16

μ = 0 + 8.25 + 5.6

μ = $13.85

Therefore, the average revenue per passenger is about $13.85

The corresponding standard deviation is given by

σ = √σ²

Where σ² is the variance and is given by

σ² = (0 - 13.85)²×0.51 + (25 - 13.85)²×0.33 + (35 - 13.85)²×0.16

σ² = 97.83 + 41.03 + 71.57

σ² = 210.43

So,

σ = √210.43

σ = $14.51

Therefore, the corresponding standard deviation is $14.51

b. About how much revenue should the airline expect for a flight of 120 passengers? With what standard deviation?

For 120 passengers,

Expected revenue = 120×$13.85

Expected revenue = $1,662 ± 14.51

Therefore, the airline should expect revenue of $1,662 with a standard deviation of $14.51 for a flight of 120 passengers.

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Answer:

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Step-by-step explanation:

Given

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Base: 12 cm

Height: 10 cm

Required

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The surface area of the pyramid is calculated by

1. Calculating the area of the base square

2. Calculating the area of the triangles

3. Adding (1) and (2) above

Having highlighted these points,

Step 1: First we calculate the area of the base square

The dimension of the square is 12cm x 12cm

Let L represent the length of the square (L = 12 cm)

So, Area = L * L

Area = 12 cm * 12 cm

Area = 144 cm²

Step 2: There are four triangles in the above pyramid (because the base is a square; and a square has four sides)

The dimension of each triangle is

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First, we calculate the area of one triangle

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Area = 0.5 * 12 cm * 10 cm

Area = 60 cm²

If the area of 1 triangle is 60 cm², the area of 4 triangles would be

Area = 4 * 60 cm²

Area = 240 cm²

Step 3: Adding (1) and (2) above

Area of Pyramid = Area of base square + Area of triangles

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Tom and Bob have a total of 49 toys if Bob has 5 more toys than Tom, how many toys does each one have
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jenyasd209 [6]

Answer:

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Step-by-step explanation:

The dimensions of the initial sheet of plywood are;

The length of the sheet of plywood = 25 ft.

The width of the sheet of plywood = 14 ft.

The shape cut from each corner of the sheet of plywood  = A right triangle

The leg length of each of the cut out right triangles = 7 ft.

The number of leg lengths of the right triangle cut from the length side of the initial sheet of plywood = 2

The length of the parallel sides of the remaining hexagonal piece of plywood = Initial length of the plywood - 2 × The leg length of the cut out right triangle

∴ The length of the parallel sides of the remaining hexagonal piece of plywood = 26 ft. - 2 × 7 ft.  = 12 ft.

The other side length of the remaining hexagonal piece of plywood = The hypotenuse side of the cut out right triangle

The hypotenuse side of the cut out right triangle = √((7 ft.)² + (7 ft.)²) = 7·√2 ft.

∴ The other side length of the remaining hexagonal piece of plywood = 7·√2

The number of side lengths in the remaining hexagonal piece of plywood = 4

The perimeter of the remaining hexagonal piece of plywood = 2 × The length of the parallel sides + 4 × The other side lengths

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The perimeter of the remaining hexagonal piece of plywood = (28·√2 + 24) feet

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