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Q. A city is served by three cable TV companies: Xcellent Cable, Your Cable and Zephyr Cable. A survey of 1000 cable subscribers shows this breakdown of customers from beginning to end of August.
Company on Company on August 31August 1 Xcellent Your ZephyrXcellent 300 50 50Your 10 200 40Zephyr 40 80 230
a. Construct transition matrix.
b. Illustrate what was each company's share of market at beginning and end of month?
c. If current trend continues Illustrate what will market shares be?
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