Question
There are two restaurants in a small town: and . A survey shows that 1 0 % of customers in this week
There are two restaurants in a small town: and A survey shows that of customers in this week will switch to B restaurant next week, and of B customers will go to M next week.
a If the market share for restaurant is currently this week, what is the restaurant's market share next week?
b What is the steadystate market share for these two restaurants?
c What is the mean first passage time from B to M
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Introductory Statistics
Authors: Prem S. Mann
8th Edition
9781118473986, 470904100, 1118473981, 978-0470904107
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