MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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2.38 Baggage fees: An airline charges the following baggage fees: $20 for the first bag and $35 for the second. Suppose 50% of passengers have no checked luggage, 35% have only one piece of checked luggage and 15% have two pieces. We suppose a negligible portion of people check more than two bags.
a) The average baggage-related revenue per passenger is: $ (please round to the nearest cent)
b) The standard deviation of baggage-related revenue is: $ (please round to the nearest cent)
c) About how much revenue should the airline expect for a flight of 130 passengers? $ (please round to the nearest dollar)
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