An airline pricing analyst has been asked to review an airline's flights. She has determined that...
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An airline pricing analyst has been asked to review an airline's flights. She has determined that 80% of all flights reach the final destination on time. When a flight has 100 or more passengers, the flight is on time 40% of the time. The probability of a flight being on time and having 100 or more passengers is 12%. If the flight has fewer than 100 passengers, what is the probability it arrives on time? An airline pricing analyst has been asked to review an airline's flights. She has determined that 80% of all flights reach the final destination on time. When a flight has 100 or more passengers, the flight is on time 40% of the time. The probability of a flight being on time and having 100 or more passengers is 12%. If the flight has fewer than 100 passengers, what is the probability it arrives on time?
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Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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