Question

Find the expected value of an airline ticket to the airline company based on the way...

Find the expected value of an airline ticket
to the airline company based on the way it
prices seats. Suppose there are 150 seats on an
airliner: 20 are in first class and are priced at
$1,200; 45 are unrestricted coaches and are
priced at $750; 81 are restricted discount tickets
and are priced at $320; and 4 are free for
frequent flier awards. Assuming the aircraft is
sold out, what is the expected value of a ticket
to the airline?

Math   Statistics-And-Probability   
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