Question
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 | 0.80 | 0.20 |
| MDA | 0.25 | 0.75 |
What are the projected market shares for the two brands? If required, round your answer to three decimal places.
1=
2=
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The Home Buyers Check List
Authors: Phillip Adler ,Tammie Adler
1st Edition
B0C7J7BP9G
