The Average Cost Per Seat on an Airplane Trip from Calgary

question 187

Multiple Choice

The average cost per seat on an airplane trip from Calgary to Kelowna is $250.Suppose no refreshments are served and seven seats are empty.How could the airline company increase its profit

• A)if it charged no less than $250 for the seven remaining seats
• B)if it charged more than $250 for the seven remaining seats
• C)if it charged any ticket price above $0 for the remaining seats
• D)if it left the seats empty

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Definitions:

Cause-And-Effect Diagram

A visual tool used to systematically identify and present possible causes of a specific problem or outcome, often structured in the form of a fishbone diagram.

Histogram

A visual tool in statistics used to depict the frequency distribution of a dataset, with bars whose heights correspond to the frequency of values within intervals.

Cause-And-Effect Diagram

A visual tool that identifies potential causes of a problem and organizes them into categories.

Statistical Stability

The property of a statistical measure to remain constant over time or across different samples.