An airline offers discounted "advance purchase " fares to customers who buy tickets more than 30 days before travel and charges "regular" fares for tickets purchased during those last 30 days. The company has noticed that 60% of its customers take advantage of the advance-purchase fares. The "no-show" rate among people who paid regular fares is 30%, but only 5% of customers with advance-purchase tickets are no-shows. a) What percent of all ticket holders are no-shows? b) What 's the probability that a customer who didn't show had an advance -purchase ticket? c) Is being a no-show independent of the type of ticket a passenger holds? Explain.

An airline offers discounted "advance purchase " fares to customers who buy tickets more than 30 days before travel and charges "regular" fares for tickets purchased during those last 30 days. The company has noticed that 60% of its customers take advantage of the advance-purchase fares. The "no-show" rate among people who paid regular fares is 30%, but only 5% of customers with advance-purchase tickets are no-shows. a) What percent of all ticket holders are no-shows? b) What 's the probability that a customer who didn't show had an advance -purchase ticket? c) Is being a no-show independent of the type of ticket a passenger holds? Explain.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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