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Suppose the entire cola industry produces only two colas viz., Pepsi and Coke. Given that a person last purchased Pepsi, there is 90% that his next purchase will be Pepsi. Given that a person last purchased Coke, there is an 80% that the next purchase will be Coke.
i. If a person is currently a Coke purchaser, what is the probability that two purchases from now he will purchase Pepsi ?
ii. If a person is currently a Pepsi purchaser, what is the probability that from three purchases from now he will purchase Pepsi ?
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Course of Study MBA 10% B.Tech 90% BBA 0% Diploma 0% Annual College Fee 25,000-30,000 0% 40,000-50,000 10% 85,000-90,000 90% 90,000 Above 0% Taken an Education Loan Yes 100
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Year : 2008 2009 2010 2011 2012 2013 sale : 111 120 114 123 117 126
Less than 5 yrs 22 5-10 18 10-20 5 20-30 4 More than 30 1
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