Question: In the weeks following a crash, airlines often report a drop in the number of passengers, probably because people are wary of flying because they

In the weeks following a crash, airlines often report a drop in the number of passengers, probably because people are wary of flying because they just learned of an accident.
(a) A travel agent suggests that, since the Law of Large Numbers makes it highly unlikely to have two plane crashes within a few weeks of each other, flying soon after a crash is the safest time. What do you think?
(b) If the airline industry proudly announces that it has set a new record for the longest period of safe fights, would you be reluctant to fly? Are the airlines due to have a crash?

Step by Step Solution

3.41 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The Law of Large Numbers only means that the long ru... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

489-M-S-P (2217).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!