The Average Lateness for One of the Top Airline Companies

question 95

Multiple Choice

The average lateness for one of the top airline companies is 10 minutes.The variance of the lateness measure is calculated as 9.An airplane arrived 13 minutes after the stated arrival time.Calculate the z-score for this particular airplane's lateness.

• A)0.33
• B)0.58
• C)1.33
• D)0.44
• E)1.00

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Definitions:

Economic Report

A document or presentation that provides analysis and information on the economic performance of an economy, sector, or market.

Positive Economics

A branch of economics that focuses on describing and explaining economic phenomena as they are.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like.

Microeconomics

Microeconomics analyzes individual decision makers and markets, focusing on supply and demand, price, and output decisions in individual markets.