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The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition probabilities. To From Special B MDA
The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition probabilities. To From Special B MDA Special B MDA a Which brand appears to have the most loyal customers? Explain. Select has the most loyal customers because stay with them and only switch to the other brand, as opposed to Select where only stay with them and switch. b What are the projected market shares for the two brands? Enter exact numbers as integers, fractions, or decimals. Special B MDA
The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition probabilities.
To
From Special B MDA
Special B
MDA
a
Which brand appears to have the most loyal customers? Explain.
Select
has the most loyal customers because
stay with them and only
switch to the other brand, as opposed to
Select
where only
stay with them and
switch.
b
What are the projected market shares for the two brands? Enter exact numbers as integers, fractions, or decimals.
Special B
MDA
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