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HELPPP PLEASE An auto insurance company classfies its cusiomen in three categories: poor, solisfactory, and preferred. Each year, 15% of nose in the poor category
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An auto insurance company classfies its cusiomen in three categories: poor, solisfactory, and preferred. Each year, 15% of nose in the poor category are moved to satisfactory and 30% of those in the satisfactory category are moved to preferned. Also, 30% in the preferred category are moved to the satsfactory category, and 30% of those in the satisfactiory category are moved to the peor eategory Customen are never moved from poor to preferred, or conversely, in a single yoar. Assuming those percentages remain valid over a long penod of time, how many cuttomers can the company expect to have in each category in the long run? Poor =% (Round to the nescest tenth if necessary) Step by Step Solution
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