Question: 5. For the Airline Pricing Model in Chapter 9 , suppose that the fixed cost is triangular with a minimum of $80,000, most likely value

5. For the Airline Pricing Model in Chapter 9 , suppose that the fixed cost is triangular with a minimum of $80,000, most likely value of $90,000, and maximum value of

$95,000. Also assume that the values of the slope and intercept in the demand function are uniformly distributed plus or minus 5% around their current values.

Find the distribution of profit for a unit price of $500.
Use the Decision Table tool to find the best price between $400 and $600 in steps of $25.

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