subject
Mathematics, 19.03.2021 03:10 kenna162

a) Suppose brands A and B have consumer loyalties of .7 and .8, meaning that a customer who buys A one week will with probability .7 buy it again the next week, or try the other brand with .3. What is the limiting market share for each of these products? (b) Suppose now there is a third brand with loyalty .9, and that a consumer who changes brands picks one of the other two at random. What is the new limiting market share for these three products?

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 14:30
Shania's test scores in 8 subjects were 88, 91, 85, 74, 69, 72, 80, and 87. shania found the middle number of her scores. which type of measure did she find?
Answers: 1
question
Mathematics, 21.06.2019 15:30
Driving 75 mph, it takes alicia 2 hours to reach the airport to go on a vacation. it then takes her 4 hours to get to her destination with the jet traveling at a speed of 400 mph. how many miles does alicia travel to get to her destination?
Answers: 2
question
Mathematics, 21.06.2019 17:00
Mary beth used the mapping rule to find the coordinates of a point that had been rotated 90° counterclockwise around the origin. examine the steps to determine whether she made an error. m (3, –6) is rotated 90° counterclockwise. (x, y) → (–y, x) 1. switch the x- and y-coordinates: (6, –3) 2. multiply the new x-coordinate by –1: (6(–1), –3) 3. simplify: (–6, –3) .
Answers: 1
question
Mathematics, 21.06.2019 18:50
Find the center and the radius of the circle with the equation: x^2-2x+y^2+4y+1=0?
Answers: 1
You know the right answer?
a) Suppose brands A and B have consumer loyalties of .7 and .8, meaning that a customer who buys A o...
Questions
question
Mathematics, 06.01.2021 20:10
question
Mathematics, 06.01.2021 20:10
question
English, 06.01.2021 20:10
question
English, 06.01.2021 20:10
question
Mathematics, 06.01.2021 20:10
question
Mathematics, 06.01.2021 20:10
Questions on the website: 13722367