2. AirAsia Group Bhd has launched a special promotion of 50 per cent discount on the returning fare when customers booked a round trip ticket applicable for any Malaysian domestic flights between July 20 to July 24 for the travel period from Aug 4 to Dec 12 this year. The price for the ticket to Langkawi from Aug 4 to Dec 12 are summarized below: Price (RM) Number of Tickets 66.00-75.00 76.00-85.00 86.00-95.00 96.00-105.00 Above 106.00 15 40 60 45 40 a. Assuming the data follow a normal distribution, can the sales manager say that the average price of the ticket to Langkawi during this particular period is above the average of RM 93.00. Use 5% level of significance. b. Construct a 95% confidence interval for the true price of AirAsia ticket to Langkawi.

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Author:Erwin Kreyszig
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2. AirAsia Group Bhd has launched a special promotion of 50 per cent discount on
the returning fare when customers booked a round trip ticket applicable for any
Malaysian domestic flights between July 20 to July 24 for the travel period from Aug
4 to Dec 12 this year. The price for the ticket to Langkawi from Aug 4 to Dec 12 are
summarized below:
Price (RM)
Number of Tickets
66.00-75.00
76.00- 85.00
86.00-95.00
96.00-105.00
Above 106.00
15
40
60
45
40
a. Assuming the data follow a normal distribution, can the sales manager say that
the average price of the ticket to Langkawi during this particular period is above
the average of RM 93.00. Use 5% level of significance.
b. Construct a 95% confidence interval for the true price of AirAsia ticket to
Langkawi.
Transcribed Image Text:2. AirAsia Group Bhd has launched a special promotion of 50 per cent discount on the returning fare when customers booked a round trip ticket applicable for any Malaysian domestic flights between July 20 to July 24 for the travel period from Aug 4 to Dec 12 this year. The price for the ticket to Langkawi from Aug 4 to Dec 12 are summarized below: Price (RM) Number of Tickets 66.00-75.00 76.00- 85.00 86.00-95.00 96.00-105.00 Above 106.00 15 40 60 45 40 a. Assuming the data follow a normal distribution, can the sales manager say that the average price of the ticket to Langkawi during this particular period is above the average of RM 93.00. Use 5% level of significance. b. Construct a 95% confidence interval for the true price of AirAsia ticket to Langkawi.
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