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An airline reservation system first asks customers whether they want to schedule a domestic or an international flight.Sixty-five percent of the reservations are for domestic flights.The time distribution of advance sales is also important,and it is given below.
a.Place the appropriate random number ranges in the tables above.
b.Set up and perform a simulation for three customers.Determine whether they want a domestic or international flight,and how far in advance the reservation is being made.Use random numbers from this list: .632 .715 .998 .671 .744 .021
Net Income
The total earnings of a company after deducting all expenses, taxes, and costs from its total revenues, indicating the company's profitability over a particular period.
Commercial Fishing Boat
A vessel used for catching fish commercially for profit, often equipped with specialized fishing gear.
New Stock
New stock refers to shares that a company issues to the public for the first time, typically through an initial public offering (IPO) to raise capital.
Earnings After Tax
The net income a company retains after deducting all its expenses, including taxes, highlighting its profitability.
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