Business, 23.03.2020 20:38 yrkfred1440

The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket (Bureau of Transportation Statistics website, November 2, 2012). Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110.

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The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket...

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