1. Homes. Real estate ads suggest that 64% of homes for sale have garages, 21% have swimming pools, and 17% have both features. What is the probability that a home for sale has a) a pool or a garage? b) neither a pool nor a garage? c) a pool but no garage?
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Textbook Solutions for Stats: Modeling The World
Question
42. No-shows. An airline offers discounted advancepurchasefares to customers who buy tickets more than30 days before travel and charges regular fares for ticketspurchased during those last 30 days. The companyhas noticed that 60% of its customers take advantage ofthe advance-purchase fares. The no-show rate amongpeople who paid regular fares is 30%, but only 5% ofcustomers 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 didntshow had an advance-purchase ticket?c) Is being a no-show independent of the type of ticket apassenger holds? Explain.
Solution
The first step in solving 15 problem number 42 trying to solve the problem we have to refer to the textbook question: 42. No-shows. An airline offers discounted advancepurchasefares to customers who buy tickets more than30 days before travel and charges regular fares for ticketspurchased during those last 30 days. The companyhas noticed that 60% of its customers take advantage ofthe advance-purchase fares. The no-show rate amongpeople who paid regular fares is 30%, but only 5% ofcustomers 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 didntshow had an advance-purchase ticket?c) Is being a no-show independent of the type of ticket apassenger holds? Explain.
From the textbook chapter Probability Rules you will find a few key concepts needed to solve this.
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