Can you please help me
1 answer:
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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
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
=
b) the probability that the demand for this flight will be at least 80 passengers but no more than 200 passengers
=
=0.4474+0.3907
=0.8381
c) the probability that the demand for this flight will be less than 100 passengers
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
=
e) 79th percentile of this distribution
=
wheee
Compute each option
option A: simple interest
simple interest is easy
A=I+P
A=Final amount
I=interest
P=principal (amount initially put in)
and I=PRT
P=principal
R=rate in decimal
T=time in years
so given
P=15000
R=3.2% or 0.032 in deecimal form
T=10
A=I+P
A=PRT+P
A=(15000)(0.032)(10)+15000
A=4800+15000
A=19800
Simple interst pays $19,800 in 10 years
Option B: compound interest
for interest compounded yearly, the formula is
where A=final amount
P=principal
r=rate in decimal form
t=time in years
given
P=15000
r=4.1% or 0.041
t=10
use your calculator
A=22418.0872024
so after 10 years, she will have $22,418.09 in the compounded interest account
in 10 years, the investment in the simple interest account will be worth $19,800 and the investment in the compounded interest account will be worth$22,418.09