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Microsoft is planning to introduce a new technology product in the market . To study the diffusion pattern of this technology, Microsoft has decided to
Microsoft is planning to introduce a new technology product in the market . To study the diffusion pattern of this technology, Microsoft has decided to use the following set of parameters:
- Coefficient of innovation (p) =0.05
- Coefficient of imitation (q): = 0.1
Based on this information, how long does it take in terms of the number of years (time periods, t) for more than 50% of the potential market to adopt this technology?
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