If a Plane Has Just Left on Time,what Is the Probability

question 23

Essay

If a plane has just left on time,what is the probability that it was airline C?

---

Definitions:

Semi-Annual

Occurring twice a year; often refers to the payment frequency of bond interest or dividends.

Coupon Bond

A debt security that pays the holder interest payments at predefined intervals until maturity, at which point the principal is repaid.

Ask Price

The lowest price a seller is willing to accept for a security, often used in contrast with the bid price, which is the highest price a buyer is willing to pay.

Wall Street Journal

A leading American business-focused, English-language international daily newspaper based in New York City.