Mathematics, 22.07.2021 20:10 elizabethivy75
An airline charges the following baggage fees: $20 for the first bag and $40 for the second. Suppose 54% of passengers have no checked luggage, 25% have only one piece of checked luggage and 21% have two pieces. We suppose a negligible portion of people check more than two bags.
a) The average baggage-related revenue per passenger is: $___.
b) The standard deviation of baggage-related revenue is: $.
c) About how much revenue should the airline expect for a flight of 120 passengers?
Answers: 2
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An airline charges the following baggage fees: $20 for the first bag and $40 for the second. Suppose...
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