Airplane Production. Alpha Tours has two types of airplanes, the T3 and the S5, and contracts requiring accommodations for a minimum of 2000 first-class, 1500 tourist-class, and 2400 econ- omy-class passengers. The T3 costs $60 per mile to operate and can accommodate 40 first-class, 40 tourist-class, and 120 economy-class passengers, whereas the S5 costs $50 per mile to operate and can accommodate 80 first-class, 30 tourist-class, and 40 economy-class passengers. How many of each

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Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.