Three airlines compete on the route between New York and Los Angeles.Stanton Marketing has performed an analysis of first class business travelers to determine their airline choice.Stanton has modeled this choice as a Markov process and has determined the following transition probabilities.
a. Show the random number assignments that can be used to simul ate the first class business traveler's nex airline is , and .
b. Assume the traveler used airline C last. Simul ate which airline the traveler will be using over her next 2 her flights are on each of the three airlines? Use the following random numbers, going from lett to right, to
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