In analysing switching by Business Class customers between airlines the following data has been obtained byBritish Airways (BA):Next flight byВАCompetitionLast flight by BA0.850.15Competition0.100.90For example if the last flight by a Business Class customer was by BA the probability that their next flight is by BAis 0.85. Business Class customers make 2 flights a year on average.Currently BA have 30% of the Business Class market. What would you forecast BA's share of the Business Classmarket to be after two years? (in percent)

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Answered: In analysing switching by Business…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Lindo is deciding which course she wants to take in her next college semester. The probability that she enrols in the statistics course is 0.30 and the probability that she enrols in an econometrics course is 0.70. The probability that she will enrol in statistics course Given that she enrols in econometrics course is 0.40. 1. What is the probability that she will enrol in both Stats course AND econometrics course? ANSWER
The probability of a thunderstorm on Memorial Day is 0.13 and the probability of a thunderstorm on Independence Day is 0.59. Assuming that these two are Independent, what is the probability of thunderstorms on both Memorial and Independence Day?
We are interested in analyzing data related to college football. Use S to denote the team is in the SEC and use W to denote a team has a winning season. The probability that a team is in the SEC in the data set is 5.5%. The probability that a team has a winning season is 52.5%. The probability that a team is in the SEC and has a winning season is 3.55%. What percentage of teams are in the SEC or had a winning season? b. What percentage of people teams are in the SEC and did NOT have a winning season? Given a team had a winning season, what is the probability that they are in the SEC? а. с.
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A survey conducted on students of XYZ University reported the number of male and female students and their majors. The data obtained are given in the following table. Science Politics Total Men 109 13 122 Women 10 23 33 Total 119 36 155 a. What is the probability that a student majors in Science?b. What is the probability that a student majoring in Science of or being a male?c. What is the probability that a student majoring in Sciences and is given that he is a man?
candy industries take random samples from their inventory and sort by flavor. daycare center samples a number of those they take care of and sort by how often they cry during a day visit. If you randomly select a candy from the candy sample and a child in daycare from the daycare sample, what is the probability that you'd pick a grape taffy and a child who cries more than twenty times a day?
4 If the probability that a communication system will have high fidelity is 0.81 and the probability that it will have high fidelity and selectivity is 0.18, what is the probability that a system with high fidelity will also have high selectivity.
You are analysing a factory. Stage 3 of the manufacturing process has a 70% chance of finishing on time. If it does finish on time, the chance of Stage 4 finishing late is 25%. The overall chance of Stage 4 finishing on time is 64.875%. What is the chance that Stage 4 finishes late if Stage 3 finished late?

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