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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 0.900.10
MDA 0.020.98
(a)
Which brand appears to have the most loyal customers? Explain.
Correct: Your answer is correct.
has the most loyal customers because % stay with them and only % switch to the other brand, as opposed to
Correct: Your answer is correct.
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 1=
MDA 2=

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