On a certain transatlantic route, an airplane charges $2050 for a first class ticket, $1450 for a business class ticket and $650 for an economy ticket. Let X₁, X2, X3 represent the respective numbers of first. class, business class, and economy tickets sold on a randomly chosen flight, and suppose that these discrete random variables have the following means and standard deviations: µ₁ = 6.8, µ2 = 45.6, µ3 = 421.7, 0₁ = 1.6, 0₂ = 5.8, and 3 = 52.2. Find (a.) the mean revenue generated by a flight. (b.) Assume that X₁, X2, X3 are independent of each other, find the standard deviation of the revent enue.

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5. On a certain transatlantic route, an airplane charges $2050 for a first class ticket, $1450 for a business
class ticket and $650 for an economy ticket. Let X₁, X2, X3 represent the respective numbers of first
class, business class, and economy tickets sold on a randomly chosen flight, and suppose that these discrete
random variables have the following means and standard deviations: #₁ = = 6.8, µ2 = 45.6, µ3 = 421.7,
01 =
1.6, 02 5.8, and 03 = 52.2. Find
(a.) the mean revenue generated by a flight.
(b.) Assume that X₁, X2, X3 are independent of each other, find the standard deviation of the revenue.
Transcribed Image Text:5. On a certain transatlantic route, an airplane charges $2050 for a first class ticket, $1450 for a business class ticket and $650 for an economy ticket. Let X₁, X2, X3 represent the respective numbers of first class, business class, and economy tickets sold on a randomly chosen flight, and suppose that these discrete random variables have the following means and standard deviations: #₁ = = 6.8, µ2 = 45.6, µ3 = 421.7, 01 = 1.6, 02 5.8, and 03 = 52.2. Find (a.) the mean revenue generated by a flight. (b.) Assume that X₁, X2, X3 are independent of each other, find the standard deviation of the revenue.
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