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Appendix B. a. What is the probability that a domestic airfare is $545 or more (to 4 decimals)? b. What is the probability that a domestic airfare is $255 or less (to 4 decimals)? c. What if the probability that a domestic airfare is between $320 and $510 (to 4 decimals)? d. What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar) or - Select your answer - v

Appendix B. a. What is the probability that a domestic airfare is $545 or more (to 4 decimals)? b. What is the probability that a domestic airfare is $255 or less (to 4 decimals)? c. What if the probability that a domestic airfare is between $320 and $510 (to 4 decimals)? d. What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar) or - Select your answer - v

MATLAB: An Introduction with Applications
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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**Airfare Statistical Analysis** The mean cost of domestic airfares in the United States rose to an all-time high of $400 per ticket. This was based on the total ticket value, which includes the price charged by airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $100. Use Table 1 in Appendix B. **Questions:** a. What is the probability that a domestic airfare is $545 or more? (to 4 decimals) b. What is the probability that a domestic airfare is $255 or less? (to 4 decimals) c. What is the probability that a domestic airfare is between $320 and $510? (to 4 decimals) d. What is the cost for the 3% highest domestic airfares? (rounded to the nearest dollar) _$\text{Answer options:}$_ - [Empty input box] - [Dropdown menu]
Transcribed Image Text:**Airfare Statistical Analysis** The mean cost of domestic airfares in the United States rose to an all-time high of $400 per ticket. This was based on the total ticket value, which includes the price charged by airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $100. Use Table 1 in Appendix B. **Questions:** a. What is the probability that a domestic airfare is $545 or more? (to 4 decimals) b. What is the probability that a domestic airfare is $255 or less? (to 4 decimals) c. What is the probability that a domestic airfare is between $320 and $510? (to 4 decimals) d. What is the cost for the 3% highest domestic airfares? (rounded to the nearest dollar) _$\text{Answer options:}$_ - [Empty input box] - [Dropdown menu]
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