Transition matrix for the probabilitiy, Mathematics

Assignment Help:

Suppose research on three major cell phones companies revealed the following transition matrix for the probability that a person with one cell phone carrier switches to another.

                                          Will Switch to
                              Company A           Company B                 Company C
Company A               .91                               .07                             .02
Now has Comp. B      .03                               .87                              .10
Company C             .14                               .04                               .82

The current share of the market is [.26, .36, .38] for Companies A, B, and C respectively. Find the share of the market held by each company after
a) 1 year
b) 2 years
c) 3 years
d) What is the long-range prediction?


Related Discussions:- Transition matrix for the probabilitiy

Geometry, which kind of triangle has no congruent sides ?

which kind of triangle has no congruent sides ?

Group automorphism, (a) Find an example of groups G, H, K with K  H and H...

(a) Find an example of groups G, H, K with K  H and H G but K G. (b) A subgroup H of G is characteristic if σ(H) ⊆ H for every group automorphism σ of G. Show that eve

Pat, what is a fraction?

what is a fraction?

Abstract algebra, How many homomorphism are there from z2 to z3. Zn is grou...

How many homomorphism are there from z2 to z3. Zn is group modulo n

Show that tan = 1/v3 , If 7sin 2 ?+3cos 2 ? = 4, show that tan? =   1/√3  ...

If 7sin 2 ?+3cos 2 ? = 4, show that tan? =   1/√3                      . Ans:    If 7 Sin 2 ? + 3 Cos 2 ? = 4 S.T. Tan?  1/√3 7 Sin 2 ? + 3 Cos 2 ? = 4 (Sin 2 ? + Cos 2 ?)

Polynomial : f(x).f(1/x), A polynomial satisfies the following relation f(x...

A polynomial satisfies the following relation f(x).f(1/x)= f(x)+f(1/x). f(2) = 33. fIND f(3) Ans) The required polynomial is x^5 +1. This polynomial satisfies the condition state

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd