Question
Use Markov Analysis (Tables and matrix of transition probabilities (MTP)) A credit manager estimates that 90% of those who paid their bill on time in
Use Markov Analysis (Tables and matrix of transition probabilities (MTP))
A credit manager estimates that 90% of those who paid their bill on time in any given month will do so again next month of those who pay later, however, only 60% will be on time the next month. In January, 70% of the customers paid their bill on time. What will this percentage be in March?
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
