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

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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