Aggregate Functions: SQL has some built-in functions and they are called as aggregate functions. SQL contains five built-in functions. They are: SUM – This function is used to add values from the particular column. Syntax: SELECT SUM(column_Name) FROM table_Name; COUNT – This is used to count the number of rows for the particular column. Syntax: SELECT COUNT(column_Name) FROM table_Name; MAX – This function is used to get the maximum value from the column. Syntax: SELECT MAX(column_Name) FROM table_Name; MIN – This function is used to get the minimum value from the column. Syntax: SELECT MIN(column_Name) FROM table_Name; AVG – This function is used to get the average of all the values from the column. Syntax: SELECT AVG(column_Name) FROM table_Name;

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Southern Airline has 15 daily flights from Miami to New York. Each flight requires two pilots. Flights that do not have two pilots are canceled (passengers are transferred to other airlines). The average profit per flight is $6000. Because pilots get sick from time to time, the airline is considering a policy of keeping four *reserve pilots on standby to replace sick pilots. Such pilots would introduce an additional cost of $1800 per reserve pilot (whether they fly or not). The pilots on each flight are distinct and the likelihood of any pilot getting sick is independent of the likelihood of any other pilot getting sick. Southern believes that the probability of any given pilot getting sick is 0.15. A) Run a simulation of this situation with at least 1000 iterations and report the following for the present policy (no reserve pilots) and the proposed policy (four reserve pilots): The average daily utilization of the aircraft (percentage of total flights that fly) The…

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Chapter 7, Problem 19P

Program Plan Intro

Aggregate Functions:

SQL has some built-in functions and they are called as aggregate functions. SQL contains five built-in functions. They are:

SUM – This function is used to add values from the particular column.

Syntax: SELECT SUM(column_Name) FROM table_Name;

COUNT – This is used to count the number of rows for the particular column.

Syntax: SELECT COUNT(column_Name) FROM table_Name;

MAX – This function is used to get the maximum value from the column.

Syntax: SELECT MAX(column_Name) FROM table_Name;

MIN – This function is used to get the minimum value from the column.

Syntax: SELECT MIN(column_Name) FROM table_Name;

AVG – This function is used to get the average of all the values from the column.

Syntax: SELECT AVG(column_Name) FROM table_Name;

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Southern Airline has 15 daily flights from Miami to New York. Each flight requires two pilots. Flights that do not have two pilots are canceled (passengers are transferred to other airlines). The average profit per flight is $6000. Because pilots get sick from time to time, the airline is considering a policy of keeping four *reserve pilots on standby to replace sick pilots. Such pilots would introduce an additional cost of $1800 per reserve pilot (whether they fly or not). The pilots on each flight are distinct and the likelihood of any pilot getting sick is independent of the likelihood of any other pilot getting sick. Southern believes that the probability of any given pilot getting sick is 0.15. A) Run a simulation of this situation with at least 1000 iterations and report the following for the present policy (no reserve pilots) and the proposed policy (four reserve pilots): The average daily utilization of the aircraft (percentage of total flights that fly) The…

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My daughter is a Girl Scout and it is time for our cookie sales. There are 15 neighbors nearby and she plans to visit every neighbor this evening. There is a 40% likelihood that someone will be home. If someone is home, there is an 85% likelihood that person will make a purchase. If a purchase is made, the revenue generated from the sale follows the Normal distribution with mean $18 and standard deviation $5. Using @RISK, simulate our door-to-door sales using at least 1000 iterations and report the expected revenue, the maximum revenue, and the average number of purchasers. What is the probability that the revenue will be greater than $120?