You work for an airline that is considering a proposal to offer a new, nonstop flight between Atlanta and Tokyo Senior management asks a team of analysts to run a Monte Carlo simulation of the project Your job is to advise the group on what assumptions they should put in the simulation regarding the distribution of the ticket price your airline will be able to charge How would you go about this task

Question: You work for an airline that is considering a proposal to offer a new, nonstop flight between Atlanta and Tokyo. Senior management asks a team

You work for an airline that is considering a proposal to offer a new, nonstop flight between Atlanta and Tokyo. Senior management asks a team of analysts to run a of the project. Your job is to advise the group on what assumptions they should put in the simulation regarding the of the ticket price your airline will be able to charge. How would you go about this task?

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