Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hi, can someone help me answer this question. thank you 2. AirAsia Group Bhd has launched a special promotion of 50 per cent discount on

hi, can someone help me answer this question. thank you

image text in transcribed
2. AirAsia Group Bhd has launched a special promotion of 50 per cent discount on the returning fare when customers booked a round trip ticket applicable for any Malaysian domestic flights between July 20 to July 24 for the travel period from Aug 4 to Dec 12 this year. The price for the ticket to Langkawi from Aug 4 to Dec 12 are summarized below: Price (RM) Number of Tickets 66.00-75.00 15 76.00- 85.00 40 86.00-95.00 60 96.00-105.00 45 Above 106.00 40 a. Assuming the data follow a normal distribution, can the sales manager say that the average price of the ticket to Langkawi during this particular period is above the average of RM 93.00. Use 5% level of significance. b. Construct a 95% confidence interval for the true price of AirAsia ticket to Langkawi. (20 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamical Systems With Applications Using MATLABĀ®

Authors: Stephen Lynch

2nd Edition

3319068202, 9783319068206

More Books

Students also viewed these Mathematics questions