Use the Information Below to Answer the Following Question(s)

question 19

Multiple Choice

Use the information below to answer the following question(s) . Below is a decision tree for the airline revenue management. Create a one-way table and answer the following questions.
-If the probability of selling the full-fare ticket is 0.80, what is the expected value of the ticket?

• A) $ 442.50
• B) $ 472.00
• C) $ 501.50
• D) $ 531.00

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Definitions:

Racism

Bias, injustice, or hostility toward individuals of a distinct race, stemming from the conviction that one's own race surpasses others.

Employment Ads

Advertisements placed by employers or recruiters seeking to fill job vacancies, typically outlining the job description, requirements, and application process.

Institutional Racism

Discriminatory practices, policies, and norms existing within and perpetuated by societal institutions, disadvantaging certain racial groups.

Systemic Racism

Systemic racism involves policies and practices entrenched in established institutions, which result in the exclusion or promotion of designated groups based on race.