Question

There is was an article in a travel magazine that posed the question..."Why are flights so much cheaper in Europe than in the United States?" The article reported that transatlantic round-trip flights originating in the United States can be more expensive than the same flights originating in Europe. The data on several flights was gathered for 3 airline companies. What is the Average Price of a ticket originating in Chicago using United Airlines? Round your answer to two decimal places. NOTE: This data corresponds with worksheet tab, Q33, in the Exam 2 Excel file in Canvas. You will use this for questions Q33-39. United Air France British Chicago 1063 1314 1442 1299 1493 1413 995 1443 1063 1299 1577 1442 1406 1314 1575 London 1015 1374 1603 856 977 1531 802 1043 1079 850 1070 807 935 1428 870

Answer 1

The average price of a ticket originating in Chicago using United Airlines is $1212.40.

Explanation:

The data provided is as follows:

United Air France British

Chicago 1063 1314 1442

1299 1493 1413

995 1443 1063

1299 1577 1442

1406 1314 1575

London 1015 1374 1603

856 977 1531

802 1043 1079

850 1070 807

935 1428 870

The data for the price of a ticket originating in Chicago using United Airlines is:

Chicago = {1063, 1299, 995, 1299, 1406}

Compute the average price as follows:

`\bar X=(1)/(n)\sum X`

`=(1)/(5)* [1063+1299+995+1299+1406]\\\\=(6062)/(5)\\\\=1212.40`

Thus, the average price of a ticket originating in Chicago using United Airlines is $1212.40.