Suppose the entire cola industry produces only two colas. Given that a person last purchased cola 1,
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Suppose the entire cola industry produces only two colas. Given that a person last purchased cola 1, there is a 90% chance that her next purchase will be cola 1. Given that a person last purchased cola 2, there is an 80% chance that her next purchase will be cola 2.
1 If a person is currently a cola 2 purchaser, what is the probability that she will purchase cola 1 two purchases from now?
2 If a person is currently a cola 1 purchaser, what is the probability that she will purchase cola 1 three purchases from now?
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Related Book For 
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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