The mean cost of domestic airfares in the United States rose to an all-time high of $380 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110. Use Table 1 in Appendix B. C. What is the probability that a domestic airfare is $560 or more (to 4 decimals)? What is the probability that a domestic airfare is $260 or less (to 4 decimals)? What if the probability that a domestic airfare is between $300 and $500 (to 4 decimals)? I What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar) or - Select your answer - ♥
The mean cost of domestic airfares in the United States rose to an all-time high of $380 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110. Use Table 1 in Appendix B. C. What is the probability that a domestic airfare is $560 or more (to 4 decimals)? What is the probability that a domestic airfare is $260 or less (to 4 decimals)? What if the probability that a domestic airfare is between $300 and $500 (to 4 decimals)? I What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar) or - Select your answer - ♥
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...
Related questions
Question
![**Appendix B: Tables**
**TABLE 1: CUMULATIVE PROBABILITIES FOR THE STANDARD NORMAL DISTRIBUTION**
A graph of the standard normal distribution is shown with the area under the curve shaded to indicate cumulative probability. The graph is symmetric around the mean, which is zero.
Entries in the table provide the area under the curve to the left of a given z-value. For example, for \( z = -0.85 \), the cumulative probability is 0.1977.
| | .00 | .01 | .02 | .03 | .04 | .05 | .06 | .07 | .08 | .09 |
|----|------|------|------|------|------|------|------|------|------|------|
| -3.0 | .0013 | .0013 | .0012 | .0012 | .0011 | .0011 | .0010 | .0010 | .0009 | .0009 |
| -2.9 | .0019 | .0018 | .0018 | .0017 | .0016 | .0015 | .0015 | .0014 | .0013 | .0013 |
| -2.8 | .0026 | .0025 | .0024 | .0023 | .0023 | .0022 | .0021 | .0020 | .0019 | .0018 |
| -2.7 | .0035 | .0034 | .0033 | .0032 | .0031 | .0030 | .0029 | .0028 | .0027 | .0026 |
| -2.6 | .0047 | .0045 | .0044 | .0043 | .0041 | .0040 | .0039 | .0038 | .0037 | .0036 |
| -2.5 | .0062 | .0060 | .0059 | .0057 | .0055 | .0054 | .0052 | .0051 | .0049 | .0048 |
| -2.4 | .0082 | .0080 | .0078 | .0075 | .0073 | .0071 | .0069 | .0068 | .0066 | .0064 |
| -2.3 | .010](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe9d9a5f0-fe4e-422d-8c50-a22c93ec0936%2Fbb6f6c08-1bc6-437c-a22b-09697044ff1c%2F1jxhvg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Appendix B: Tables**
**TABLE 1: CUMULATIVE PROBABILITIES FOR THE STANDARD NORMAL DISTRIBUTION**
A graph of the standard normal distribution is shown with the area under the curve shaded to indicate cumulative probability. The graph is symmetric around the mean, which is zero.
Entries in the table provide the area under the curve to the left of a given z-value. For example, for \( z = -0.85 \), the cumulative probability is 0.1977.
| | .00 | .01 | .02 | .03 | .04 | .05 | .06 | .07 | .08 | .09 |
|----|------|------|------|------|------|------|------|------|------|------|
| -3.0 | .0013 | .0013 | .0012 | .0012 | .0011 | .0011 | .0010 | .0010 | .0009 | .0009 |
| -2.9 | .0019 | .0018 | .0018 | .0017 | .0016 | .0015 | .0015 | .0014 | .0013 | .0013 |
| -2.8 | .0026 | .0025 | .0024 | .0023 | .0023 | .0022 | .0021 | .0020 | .0019 | .0018 |
| -2.7 | .0035 | .0034 | .0033 | .0032 | .0031 | .0030 | .0029 | .0028 | .0027 | .0026 |
| -2.6 | .0047 | .0045 | .0044 | .0043 | .0041 | .0040 | .0039 | .0038 | .0037 | .0036 |
| -2.5 | .0062 | .0060 | .0059 | .0057 | .0055 | .0054 | .0052 | .0051 | .0049 | .0048 |
| -2.4 | .0082 | .0080 | .0078 | .0075 | .0073 | .0071 | .0069 | .0068 | .0066 | .0064 |
| -2.3 | .010
![The mean cost of domestic airfares in the United States rose to an all-time high of $380 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110. Use Table 1 in Appendix B.
1. What is the probability that a domestic airfare is $560 or more (to 4 decimals)?
[Input Box]
2. What is the probability that a domestic airfare is $260 or less (to 4 decimals)?
[Input Box]
3. What if the probability that a domestic airfare is between $300 and $500 (to 4 decimals)?
[Input Box]
4. What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar)
[Input Box] or [Dropdown: Select your answer]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe9d9a5f0-fe4e-422d-8c50-a22c93ec0936%2Fbb6f6c08-1bc6-437c-a22b-09697044ff1c%2Fk3h5f8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The mean cost of domestic airfares in the United States rose to an all-time high of $380 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110. Use Table 1 in Appendix B.
1. What is the probability that a domestic airfare is $560 or more (to 4 decimals)?
[Input Box]
2. What is the probability that a domestic airfare is $260 or less (to 4 decimals)?
[Input Box]
3. What if the probability that a domestic airfare is between $300 and $500 (to 4 decimals)?
[Input Box]
4. What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar)
[Input Box] or [Dropdown: Select your answer]
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 3 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![A First Course in Probability (10th Edition)](https://www.bartleby.com/isbn_cover_images/9780134753119/9780134753119_smallCoverImage.gif)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
![A First Course in Probability](https://www.bartleby.com/isbn_cover_images/9780321794772/9780321794772_smallCoverImage.gif)
![A First Course in Probability (10th Edition)](https://www.bartleby.com/isbn_cover_images/9780134753119/9780134753119_smallCoverImage.gif)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
![A First Course in Probability](https://www.bartleby.com/isbn_cover_images/9780321794772/9780321794772_smallCoverImage.gif)