Find probability that the ?rst airline ?ight is fully booked

Assignment Help Basic Statistics
Reference no: EM131010399

Two different airlines have a ?ight from Los Angeles to New York that departs each weekday morning at a certain time. Let E denote the event that the ?rst airline's ?ight is fully booked on a particular day, and let F denote the event that the second airline's ?ight is fully booked on that same day. Suppose that P(E) = .7, P(F) = .6, and P1E ¨ F 2 = .54.

a. Calculate P1E 0 F 2 the probability that the ?rst airline's ?ight is fully booked given that the second airline's ?ight is fully booked.

b. Calculate P1F 0 E 2 .

Reference no: EM131010399

Questions Cloud

Representative of all smokers : Suppose that 245 of the subjects were still not smoking 6 months after treatment. Assuming it is reasonable to regard this sample as representative of all smokers, estimate the percentage of all smokers who, when given this treatment, would refra..
Capabilities that give the company competitive advantage : Select a Fortune 500 (JP Morgan) company of your choice. Analyze three key organizational capabilities that give the company a competitive advantage. What is it about these capabilities that give the company its competitive advantage? Focus on the th..
Application of project management concepts : The goal of Case Study One is to apply project management skills acquired in the first three modules to a real-world project or situation -
Compute the volume of the solid : find the volume of the solid. The lower limit of integration is a. The upper limit of integration is b. The base of the triangular cross-section is the following function of y. The area of the triangular cross-section is A(y)=
Find probability that the ?rst airline ?ight is fully booked : Let E denote the event that the ?rst airline's ?ight is fully booked on a particular day, and let F denote the event that the second airline's ?ight is fully booked on that same day. Suppose that P(E) = .7, P(F) = .6, and P1E ¨ F 2 = .54. Calcu..
Approximate probability that cable company will keep : What is the approximate probability that the cable company will keep the shopping channel, even though the proportion of all subscribers who watch it is only .20?
Project has expected cash inflows : A project has expected cash inflows, starting with year 1, of 2200, 2900, 3500, and finally in year 4 4000. The profitability index is 1.14 and the discount rate is 12 percent. What is the initial cost of the project?
Define motivation using examples and anecdotes : Discuss importance of transferring writing skills mastered in this course in your future courses and career requirements.
Risk-free rate-what is the cost of equity : The risk-free rate on 30 year U.S. Treasury bonds is 2.75% and the expected rate of return on the overall stock market is 7%. The BOW company has a beta of 1.4. What is the cost of equity?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Write strengths and weaknesses of nonparametric tests

What are the strengths and weaknesses of nonparametric tests? Can the outcomes of the nonparametric tests be generalized to populations?

  The mean standard deviation variance and range for perceived

The mean, standard deviation, variance, and range for perceived learning variable.

  Population proportion of women who change their nail polish

Survey of 8000 women, 5431 say they change their nail polish once a week. construct a 95% confidence interval for the population proportion of women who change their nail polish once a week.

  Understanding and calculating probability distribution

A researcher is studying IQ levels. From past experience she knows the population mean IQ for adults is 110 and the standard deviation is 15.

  How much can students expect to make on graduation explain

How much can students expect to make on graduation? Explain. What variables (if any) affect how much a student can expect to make? Why/why not?

  State the null and alternative hypotheses for testing

students enrolled in an introductory statistics course at a university were asked to take a survey that indicated

  The probability of not detecting the impurity if it is

a chemical engineer is interested in determining whether a 1 certain trace impurity is present in a product. an

  Erikson theory and the commentary

Refer to and apply Erikson's theory and the commentary provided in this week's textbook readings on midlife crisis. Relate Erikson's work specifically to personal priority rearrangements that may occur in middle adulthood. Explain how the concept of ..

  Distribution of amounts purchasing normal distribution

The mean amount purchased by a typical customer at Churchill's Grocery Store is $23.50 with a standard deviation of $5.00. Assume the distribution of amounts purchased follows the normal distribution. For a sample of 50 customers, answer the follo..

  Find the expected value and standard error of sum

What is the value range for the sum of 400 draws (the possible lowest value and the largest value of the sum of 400 draws)? What is the expected value and standard error of the sum of 400 draws?

  Computing test statistic to test hypothesis

Compute the suitable Test Statistic to test hypothesis that the proportion of condominiums that sold within 30 days decreased from 2006 to 2007.

  Compute the 90 confidence interval estimate for the

it is known that the amount of time needed to change the oil on a car is normally distributed with a standard deviation

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