document.write( "Question 1132696: An airline charges the following baggage fees: $25 for the first bag and $35 for the second. Suppose 54% of passengers have no checked luggage, 34% have only one piece of checked luggage and 12% have two pieces. We suppose a negligible portion of people check more than two bags.\r
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document.write( ") The average baggage-related revenue per passenger is: $
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document.write( " (please round to the nearest cent) \r
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document.write( "b) The standard deviation of baggage-related revenue is: $
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document.write( " (please round to the nearest cent) \r
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document.write( "c) About how much revenue should the airline expect for a flight of 120 passengers? $
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document.write( " (please round to the nearest dollar) \n" );
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Algebra.Com's Answer #749826 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! x*p(x) \n" ); document.write( "0*.54=0 \n" ); document.write( ".34*25=$8.50 \n" ); document.write( ".12*60=$7.20 \n" ); document.write( "The expected value is this sum or $15.70 per passenger \n" ); document.write( "For 120 passengers, the expected value is 120*$15.70 or $1884\r \n" ); document.write( "\n" ); document.write( "the variance is -15.70^2*0.54=133.10 \n" ); document.write( "plus (25-15.70)^2*0.34=29.41 \n" ); document.write( "plus (60-15.70)^2*0.12=235.50 \n" ); document.write( "These add to 398.01 $^2 \n" ); document.write( "sqrt of this is the sd or $19.95 \n" ); document.write( " |