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:

Short Bone

A type of bone that is as wide as it is long, providing support and stability with little movement, found in the wrist and ankle.

Fibrocartilage

A type of cartilage with a dense interlacing network of type I collagen fibers, providing strength and flexibility to structures like intervertebral discs.

Meniscus

The curved surface of a liquid in a tube or those fibrocartilaginous structures in the knee joint that reduce friction and absorb shock.

Hyaline

A type of smooth, translucent cartilage found in various parts of the body such as the nose, trachea, and larynx, providing support with some flexibility.