22. Airline Occupancy Rates Suppose a scheduled airline flight must average at least 60% occupancy in order
Question:
22. Airline Occupancy Rates Suppose a scheduled airline flight must average at least 60% occupancy in order to be profitable. Occupancy rates were recorded daily for a regularly scheduled flight on each of 120 days, showing a mean occupancy per flight of 58%
and a standard deviation of 11%.
a. If m is the mean occupancy per flight and if the company wishes to determine whether or not this scheduled flight is unprofitable, give the alternative and the null hypotheses for the test.
b. Does the alternative hypothesis in part a imply a oneor two-tailed test? Explain.
c. Do the occupancy data for the 120 flights suggest that this scheduled flight is unprofitable? Test using a 5.05.
Step by Step Answer:
Introduction To Probability And Statistics
ISBN: 9780357114469
15th Edition
Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver