Question

On one busy holiday weekend, a national airline has many requests for standby flights at half of the usual one-way air fare. However, past experience has shown that these passengers have only about a 20% chance of getting on the standby flight. When they fail to get on a flight as a standby, their only other choice is to fly first class on the next flight out. Suppose that the usual one-way air fare to a certain city is $100 and the cost of flying first class is $490. Complete the table below | | X ~ Cost | P(X) | |---|---|---| | Passenger gets on Standby Flight and pays the reduced price | $100 | .20 | | Passenger does NOT get on Standby Flight and has to pay FIRST CLASS | [ ] | [ ] | Find the expected cost of the trip for a person flying standby. The price is [ ]

          On one busy holiday weekend, a national airline has many requests for standby flights at half of the usual one-way air fare. However, past experience has shown that these passengers have only about a 20% chance of getting on the standby flight. When they fail to get on a flight as a standby, their only other choice is to fly first class on the next flight out. Suppose that the usual one-way air fare to a certain city is $100 and the cost of flying first class is $490.

Complete the table below

| | X ~ Cost | P(X) |
|---|---|---|
| Passenger gets on Standby Flight and pays the reduced price | $100 | .20 |
| Passenger does NOT get on Standby Flight and has to pay FIRST CLASS | [ ] | [ ] |

Find the expected cost of the trip for a person flying standby. The price is [ ]

On one busy holiday weekend, a national airline has many requests for standby flights at half of the usual one-way air fare. However, past experience has shown that these passengers have only about a 20% chance of getting on the standby flight. When they fail to get on a flight as a standby, their only other choice is to fly first class on the next flight out. Suppose that the usual one-way air fare to a certain city is $100 and the cost of flying first class is $490.

Complete the table below

| | X Cost | P(X) |
|—|—|—|
| Passenger gets on Standby Flight and pays the reduced price | 100 | .20 |
| Passenger does NOT get on Standby Flight and has to pay FIRST CLASS | [ ] | [ ] |

Find the expected cost of the trip for a person flying standby. The price is [ ]

Added by Christopher I.

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