MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
100%

 An airline charges the following baggage fees: $20 for the first bag and $35 for the second. Suppose 45% of passengers have no checked luggage, 28% have only one piece of checked luggage and 27% 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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