Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

High airline occupancy rates on scheduled flights are essential to corporate profitability. Suppose a scheduled flight must average at least 90% occupancy in order to

High airline occupancy rates on scheduled flights are essential to corporate profitability. Suppose a scheduled flight must average at least 90% occupancy in order to be profitable. An analyst wants to examine the profitability of a specific route. She believes that the airline has a greater than 90% occupancy rate. She examines the record of the occupancy rate of one hundred, 10:00 A.M. flights from Atlanta to Houston. Of the 100 flights 92 had an occupancy rate of 90% or more. Use alpha =.05

a) Write the null and research hypotheses

b) Is it a one tail or two tail test?

c) Draw the acceptance and rejection regions

d) Compute the Z statistic

e) Test the analyst's hypothesis,

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

Measure Theory And Integration

Authors: M M Rao, MM Rao

2nd Edition

1351991485, 9781351991483

More Books

Students also viewed these Mathematics questions

Question

Explain the major objectives of workers compensation laws. LO3

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago