Commercial airplanes have an excellent safety record. Nevertheless, there are crashes occasionally, with the loss of many

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Commercial airplanes have an excellent safety record. Nevertheless, there are crashes occasionally, with the loss of many lives. In the weeks following a crash, airlines often report a drop in the number of passengers, probably because people are afraid to risk flying.
a) A travel agent suggests that since the law of averages 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 flights, would you be reluctant to fly? Are the airlines due to have a crash?
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Stats Data And Models

ISBN: 662

4th Edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

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