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An airline is deciding how many reservations to accept for a new flight from Indianapolis to Chicago. The plane has a capacity of 200 seats. Because only 90 percent of passengers typically show up for this flight, they need to determine how many tickets to sell. The plane has 200 seats available. An empty seat costs the airline $200 per seat. However, if more than 200 passengers show up, those passengers will have to be rebooked on other flights. The cost of rebooking is about $300 per passenger. How many tickets should the airline sell for this flight to minimize their costs?
Calculate the correlation coefficient
The energy information administration records per capital consumption of energy
State a research question for which a single-group post-test only design can yield relatively unambiguous findings.
This is used when a conservative approach is desired and an expected cell frequency is less than 5 in a 2X2 table. Fisher's exact test, Cramer's V, Yates' correction or Regression
A bank branch located in a residential area has developed an improved process for serving customers during noon to 1:00 P.M lunch period. The waiting time in minutes (defined as time the customer enters the line to time he or she reaches the teller w..
The authors of the assigned article, "A Patient-Driven Adaptive Prediction Technique to Improve Personalized Risk Estimation for Clinical Decision Support (http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3392846/) have found that using patient-driven, ad..
The Mann-Whitney test, or none of these tests?
Calculate correlations among the portfolio, SH, and RWM and do you believe the relationships identified are stable and can thus be used going forward?
A sample of domestic new cars.
there is a statistical difference between the ages of the sexes in the group.
How do I determine the sigma levels with the Motorola 1.5 sigma shift for both the current and target defect levels? 1350 DPMO creating $256K of poor quality per quarter
A company claims the average time a customer waits on hold is less than 5 min. A sample of 35 customers has an average wait time of 4.78 min. Assume the population standard deviation for wait time is 1.8 min. Test the company claim at the α = 0.05 si..
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