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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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unicorngirl13 unicorngirl13
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4 years ago
Below is a decision tree for the airline revenue management. Create a one-way data table to answer the following question(s).




What is the expected value of the ticket when a discount is offered on the fare?

▸ $480

▸ $420

▸ $450

▸ $600
Textbook 
Statistics, Data Analysis, and Decision Modeling

Statistics, Data Analysis, and Decision Modeling


Edition: 5th
Author:
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jenniferagrethejenniferagrethe
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4 years ago
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wrote...
#2
4 years ago
Below is a decision tree for the airline revenue management. Create a one-way data table to answer the following question(s).




If the probability of selling the full-fare air ticket is 0.65, the best decision is to discount the price.

▸ true

▸ false
wrote...
#3
4 years ago
true
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