Question
The Pure Juice Company sells only Orange juice and Grapefruit juice. To plan its future production it conducted two surveys, one year apart, which showed
The Pure Juice Company sells only Orange juice and Grapefruit juice. To plan its future production it conducted two surveys, one year apart, which showed that 30% of Orange juice drinkers had switched to Grapefruit juice one year later, while the rest were still drinking Orange juice. Only 20% of the Grapefruit juice drinkers had switched to orange juice. Assuming that this trend continues over the years, what percentage of the companys customers will be drinking Grapefruit juice in the long term? It is assumed that drinking Orange juice and drinking Grapefruit juice are mutually exclusive.
Give your answer in decimal notation, such as 0.37 to mean 37%.
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