No-shows An airline offers discounted advancepurchase fares to customers who buy tickets
Chapter 14, Problem 52(choose chapter or problem)
No-shows An airline offers discounted advancepurchase fares to customers who buy tickets more than 30 days before travel and charges regular fares for tickets purchased during those last 30 days. The company has noticed that 60% of its customers take advantage of the advance-purchase fares. The no-show rate among people who paid regular fares is 30%, but only 5% of customers with advance-purchase tickets are no-shows. a) What percent of all ticket holders are no-shows? b) Whats the probability that a customer who didnt show had an advance-purchase ticket? c) Is being a no-show independent of the type of ticket a passenger holds? Explain
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