8. In the airline industry, a measure of passenger carrying capacity is available seat kilometers (ASK), which

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8. In the airline industry, a measure of passenger carrying capacity is available seat kilometers (ASK), which is equal to "seats available x distance flown." For ex- ample, an aircraft with 100 seats that flies 250 km generates 25,000 ASKS for that flight. Let's assume that a revenue analyst for a low-cost carrier needs to estimate the mean ASK for one of the carrier's aircraft flown on a particular day and ran- domly selects 11 flights for that day involving this aircraft. Let's further assume that the ASK distribution in the population is unknown but is believed to be approxi- mately normal in shape, but there is no historical data about its variability. Which of the following is the primary reason the revenue analyst should use a t confidence interval rather than a z confidence interval when estimating the targeted day's mean ASK?

a. She is estimating using M.

b. She is using SD as an estimate of .

c. She is using data from only one specific day.

d. The z confidence interval should never be used with a small sample

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Fundamentals Of Statistics For Aviation Research

ISBN: 9781032311463

1st Edition

Authors: Michael A. Gallo, Brooke E. Wheeler, Isaac M. Silver

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