Question: In the weeks following a crash airlines often report a

In the weeks following a crash, airlines often report a drop in the number of passengers, probably because people are wary of flying because they just learned of an accident.
(a) A travel agent suggests that, since the Law of Large Numbers makes it highly unlikely to have two plane crashes within a few weeks of each other, flying soon after a crash is the safest time. What do you think?
(b) If the airline industry proudly announces that it has set a new record for the longest period of safe fights, would you be reluctant to fly? Are the airlines due to have a crash?

Sale on SolutionInn
  • CreatedJuly 14, 2015
  • Files Included
Post your question