No-shows an airline offers discounted advancepurchase fares, Ask an Expert

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No-shows. An airline offers discounted "advancepurchase" fares to customers who buy tickets more than 30 days before travel and charges "regular" fares for tickets purchased during those last 30 days. The company has noticed that 60% of its customers take advantage of the advance-purchase fares. The "no-show" rate among people who paid regular fares is 30%, but only 5% of customers with advance-purchase tickets are no-shows.

a) What percent of all ticket holders are no-shows?

b) What's the probability that a customer who didn't show had an advance-purchase ticket?

c) Is being a no-show independent of the type of ticket a passenger holds? Explain.

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Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92192223

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