Design a new complete economy flight

Assignment Help Business Economics
Reference no: EM133133227

1. Calculate the similarity between these 5 observations. Use the 2 methods discussed in class for binary variables. (10)

Observations fever cough Breathing difficulty fatigue headache Loss of taste Sore throat

1                        1        0          1                               1            0                1                       1 

2                       1         1          1                               0           0                1                       1 

3                       0        1          0                              0           1                 1                       1 

4                       1         1          1                               0           0                1                       1

5                       1         0         1                                1            1                1                        0 

2. American Airlines in collaborating with Boeing to design a new complete economy flight between Dallas and Houston. The companies wanted to take passenger demand into account to come up with the number of seats. The data for passenger demand is as shown below, what should be the ideal capacity of the new flight. 

Passenger demand Probability 

450                                 0.4 

500                                 0.1 

550                                0.2 

600                                0.2

 650                                0.1

3. Given in the table below is the data for careers chosen and undergrad majors of the students from College of Business at TAMUC. Based on this information answer the following questions. 3.1. Develop a joint point probability table. 

3.2. Students from which undergrad major are most likely to be freelancers? 

3.3. If the student has an Engineering background, what is the probability that the student will start a business? 

3.4. Is there an association between undergrad majors and careers chosen? Why? 

                                                       Undergrad Major

Careers chosen:

                              Business Engineering Arts Psychology Nursing 

Corporate                       410       380          100          201 1             50 

Government                    205        90            32             100          100 

Freelancer                       120       160          320              40            50

Start a business             100        80          250               12           100 

4. On average you have been using your smartphone for 30 hours on a full charge with a standard deviation of 5 hours. You are planning a road trip and do not have the charge with you. What is the probability that the phone would last the entire trip of 45 hours? 

5. The average number of Tesla cars that you can see on your drive to work is 20. What is the probability that you would see more than 30 Tesla cars tomorrow? 

Reference no: EM133133227

Questions Cloud

The interface support or not support your learning : How does the interface support or not support your learning? For example, examine your navigation experience
Compute al gross income : Al received $12,000 as an advance payment from a health maintenance organization (HMO) for services to be rendered in 2020. Compute Al gross income
Home supports and recreational programs : You live in a small town where at least 25 % of the community are senior citizens. The community would like to create an agency which offers physical and mental
Issues presented are relevant to educational community : Discuss how the topic and issues presented are relevant to the educational community.
Design a new complete economy flight : 2. American Airlines in collaborating with Boeing to design a new complete economy flight between Dallas and Houston. The companies wanted to take passenger dem
What is the total cost to tech products : What is the total cost to Tech Products related to the factoring of the receivables to Duval Bank? Assume a 365-day year
Piaget constructivist theory-experiences and ideas : Looking into Piaget's Constructivist Theory, humans are creating their knowledge through interactions between experiences and ideas.
Course of important real world pv inconsistency : Provide 2 examples covered In the course of important real world PV inconsistency (i.e., the opposite to PV consistency), and especially why each occurs.
For what house market price be indifferent : The current 15-year fixed rate is 5% (per year), For what house market price after 10 years the Potters will be indifferent between two plans

Reviews

Write a Review

Business Economics Questions & Answers

  Differences between economic and accounting concepts of cost

What are the differences between economic and accounting concepts of cost? How would you manage the costs associated with a value-creation activity? How do costs of operations relate to the strategy of the organization?

  Roles in the transactions governed by set

Define some of the SET participants/roles in the transactions governed by SET.

  When merger is in the works or potentially in the works

When a merger is in the works or potentially in the works, the SEC makes it mandatory NOT to disclose any information. If information is leaked out, especially to the investors, the purchase of stock prices will be altered and as a result, there will..

  What is the internal growth rate for xiaomi

What is the sustainable growth rate of xiaomi? What do these numbers meani?(use Bloomberg)

  Shaped average variable cost function of the form

Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the form and obtained the following results.

  Countries vary in their healthcare systems

Countries vary in their healthcare systems. Comparing them may provide insights into potential healthcare system improvements for the United States.

  Harnessing information management

In Assignment 1, you investigated data analytics and the utilization of data analytics in business. In this assignment, use the company or industry that you selected in Assignment 1. Use the Internet or Strayer Library to explore the relationship ..

  Which types of noise abatement activities

Which types of noise abatement activities would an airline like least and which would it like most? Why?

  Discrepancy between consumers and producers

Explain in your own words the discrepancy between consumers' and producers' view of tourism as a product. What is meant by the" opportunity costs" of tourism? Show how these may be linked to seasonal patterns of tourism.

  Competitive environmental work

Consider green practices for a company. Offer your thoughts and views and try to include other competitive environmental work you have heard about.

  Workers derive no value from the mandated benefit

Assume labor market demand is given by: Ld = 10 – w and labor market supply by: Ls = w – 2. Suppose that the government mandates that all firms provide a particular benefit to their workers and that this benefit costs t = $1 per unit of labor hired. ..

  Use either capital-intensive or labor-intensive technology

Custom Made Clothing, a small clothing manufacturer, can use either a capital-intensive or labor-intensive technology to produce a product. If the price of capital increases and the price of labor remains constant, this firm most likely would...

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd