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Suppose that Coke and Pepsi are fighting for the cola market. Each week each person in the market buys one case of Coke or Pepsi. If the person's last purchase was Coke, there is a 0.90 probability that this person's next purchase will be Coke; otherwise, it will be Pepsi. (You can assume that there are only two brands in the market.) Similarly, if the person's last purchase was Pepsi, there is a 0.80 probability that this person's next purchase will be Pepsi; otherwise, it will be Coke. Currently half of all people purchase Coke, and the other half purchase Pepsi. Simulate one year (52 weeks) of sales in the cola market and estimate each company's average weekly market share and each company's ending market share in week 52. Do this by assuming that the total market size is fixed at 100,000 customers. (Hint: Use the RISKBINOMIAL function. However, if your model requires more RISKBINOMIAL functions than the number allowed in the academic version of @RISK, remember that you can instead use the CRITBINOM function to generate binomially distributed random numbers. This takes the form =CRITBINOM(ntrials, psuccess,RAND()).)
1 .The mechanical properties of cobalt may be improved by incorporating fine particles of tungsten carbide (WC). Given that the mod- uli of elasticity of these materials are, respectively, 200 GPa (30 x 106 psi) and 700 GPa 2. (a) What is the dis..
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1 determine the followinga the force acting on a 1 m2 surface corresponding to a 1 kpa pressure applied over the entire
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On a beautiful day your ship sights a water spout in the East Indian Ocean. You fix your position as 6000 ft from the spout and record a wind velocity of 10 ft/s. What wind velocity and barometric pressure does a fishing boat 600 ft from the spout ex..
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