Unoccupied Seats on Flights Cause Airlines to Lose Revenue

question 48

Multiple Choice

Unoccupied seats on flights cause airlines to lose revenue.Suppose a large airline wants to estimate its average number of unoccupied seats per flight over the past year.225 flight records are randomly selected and the number of unoccupied seats is noted,with a sample mean of 11.6 seats and a standard deviation of 4.1 seats.Calculate a 90 percent confidence interval for μ,the mean number of unoccupied seats per flight during the past year.

• A) [4.86,18.34]
• B) [11.25,11.95]
• C) [11.57,11.63]
• D) [11.15,12.05]
• E) [11.30,12.20]

Analyze the effects of organizational changes on leadership styles and employee autonomy.

Understand how leadership affects psychological capital within work groups.

Understand the relationship between Average Variable Cost (AVC), Average Fixed Cost (AFC), Marginal Cost (MC), and Average Total Cost (ATC).

Calculate marginal costs and understand its implications in production.

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Definitions:

Good Follower

An individual who supports leaders by actively listening, being open to feedback, and contributing positively to achieving shared goals.

Emergent Leader

A group member who significantly influences another group member even though not having been assigned formal authority.

Sales Team

A group of professionals dedicated to generating sales opportunities and revenues for a company, often working within a structured target or performance framework.

Team Leader

An individual who leads, guides, and manages a group of people towards achieving specific goals or tasks.