Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls answer I will provide a good rating An airline operates a baggage weight allowance of 25 kg per passenger. Check-in records show that the

pls answer I will provide a good rating

image text in transcribed
An airline operates a baggage weight allowance of 25 kg per passenger. Check-in records show that the weight X (in kg) of a passenger's baggage can reasonably be assumed to be Normally distributed with mean 24 kg and standard deviation 1 kg. A passenger with baggage weighing more than 25 kg is charged $5 for each kg by which the weight of his or her baggage exceeds 25 kg, all fractions of a kg being rounded up to the next whole number. Let Y be the excess baggage charge in $ for a randomly chosen passenger. (a) (6 points) Find the probabilities P(Y = 0), P(Y = 5), P(Y = 10) and P(Y =15). (b) (3 points) Suppose P(Y > 15) is too small and negligible, nd the mean and variance of Y. (c) (5 points) Assuming that 100,000 passengers independently y with this airline in a year. Let T be the total excess baggage costs paid to this airline in a year. Find the mean and variance of T. Suppose P(T>k)=0.05, nd the value of k

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

Interconnection Networks

Authors: J C Bermond

1st Edition

1483295273, 9781483295275

More Books

Students also viewed these Mathematics questions

Question

Go, do not wait until I come

Answered: 1 week ago

Question

Make eye contact when talking and listening

Answered: 1 week ago

Question

Do not go, wait until I come

Answered: 1 week ago