{"blocks": [{"key": "4291ca1f", "text": "Scenario", "type": "header-two", "depth": 0, "inlineStyleRanges": [], "entityRanges": [], "data": {}}, {"key": "b8949a92", "text": "Pricing experiment: each new rider is offered two rides on day-1; each ride price is reasonable with independent probability P.", "type": "unstyled", "depth": 0, "inlineStyleRanges": [], "entityRanges": [], "data": {}}, {"key": "05ec5cee", "text": "Question", "type": "header-two", "depth": 0, "inlineStyleRanges": [], "entityRanges": [], "data": {}}, {"key": "097b229a", "text": "Calculate the probability that a rider will take exactly one ride the next day. Calculate the probability that the rider becomes a permanent rider (rides every day after the trial).", "type": "unstyled", "depth": 0, "inlineStyleRanges": [], "entityRanges": [], "data": {}}, {"key": "0c423348", "text": "Hints", "type": "header-two", "depth": 0, "inlineStyleRanges": [], "entityRanges": [], "data": {}}, {"key": "e7b7db40", "text": "Model the three price-response outcomes and use probability trees or a Markov chain.", "type": "unstyled", "depth": 0, "inlineStyleRanges": [], "entityRanges": [], "data": {}}], "entityMap": {}}