Question: With the ups and downs in the economy since 2008, many discount airline fares are available if a customer knows how to obtain the discount.

With the ups and downs in the economy since 2008, many discount airline fares are available if a customer knows how to obtain the discount. Many travelers complain that they get a different price every time they call. The American Consumer Institute recently priced tickets between Spokane, Washington, and St. Louis, Missouri. The passenger was to fly coach class round-trip, staying seven days. Calls were made directly to airlines and to travel agents with the following results. Note that the data reflect round-trip airfare.

With the ups and downs in the economy since 2008, many discount

a. Compute the mean quoted airfare.
b. Compute the variance and standard deviation in airfares quoted. Treat the data as a sample.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a x 229 135417 183376736 345 194167 3770069 599 2345833 550293403 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Statistics Questions!