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Using Matlab, A city is served by two newspapers, the Star and the Times. Each year the Star loses 40% of its subscribers to the
Using Matlab,
A city is served by two newspapers, the Star and the Times. Each year the Star loses 40% of its subscribers to the Times and retains 60% of its subscribers. time period, the Times loses 10% of its subscribers to the Star while retaining the other 90% During the same a) Write down a Markov matrix that describes the transition of subscribers between the two papers each year b) Find the steady state vector for the matrix in (a). c) After many years, approximately what percentage of the subscribers will subscribe to the Times? A city is served by two newspapers, the Star and the Times. Each year the Star loses 40% of its subscribers to the Times and retains 60% of its subscribers. time period, the Times loses 10% of its subscribers to the Star while retaining the other 90% During the same a) Write down a Markov matrix that describes the transition of subscribers between the two papers each year b) Find the steady state vector for the matrix in (a). c) After many years, approximately what percentage of the subscribers will subscribe to the TimesStep by Step Solution
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