An Airline Has Requests for Standby Flights at Half of the Usual

question 259

Essay

An airline has requests for standby flights at half of the usual one-way air fare. Past experience has shown that these passengers have about a 1 in 5 chance of getting on the standby flight. When they fail to get on a flight as a standby, the only other choice is to fly first class on the next flight out. Suppose that the usual one-way air fare to a certain city is $158 and the cost of flying first class is $385. Should a passenger who wishes to fly to this city opt to fly as a standby? [Hint: Find the expected cost of the trip for a person flying
standby.]

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Definitions:

Hostile

Exhibiting or feeling antagonism, aggression, or displaced anger towards others, often manifesting in unfriendly or confrontational behavior.

Friendly

Characterized by kindness, warmth, and approachability, often signaling a willingness to interact in a positive way.

Behavior

The actions or reactions of an individual in response to external or internal stimuli.

Schemata

Cognitive structures that represent organized knowledge about concepts, objects, and events, helping in the understanding and processing of information.