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... An airline charges the following baggage fees: $20 for the first bag and $35 for the second. Suppose 48% of passengers have no checked luggage, 31% have only one piece of checked luggage and 21% have two pieces. We suppose a negligible portion of people check more than two bags. ww a) The average baggage-related revenue per passenger is: $ nearest cent) b) The standard deviation of baggage-related revenue is: $ nearest cent) c) About how much revenue should the airline expect for a flight of 120 passengers? $ (please round to the nearest dollar) (please round to the (please round to the ... An airline charges the following baggage fees: $20 for the first bag and $35 for the second. Suppose 48% of passengers have no checked luggage, 31% have only one piece of checked luggage and 21% have two pieces. We suppose a negligible portion of people check more than two bags. ww a) The average baggage-related revenue per passenger is: $ nearest cent) b) The standard deviation of baggage-related revenue is: $ nearest cent) c) About how much revenue should the airline expect for a flight of 120 passengers? $ (please round to the nearest dollar) (please round to the (please round to the
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a To find the average baggagerelated revenue per passenger we need to calculate the ex... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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