Transition matrix for the probabilitiy, Mathematics

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?

Posted Date: 3/21/2013 6:12:54 AM | Location : United States







Related Discussions:- Transition matrix for the probabilitiy, Assignment Help, Ask Question on Transition matrix for the probabilitiy, Get Answer, Expert's Help, Transition matrix for the probabilitiy Discussions

Write discussion on Transition matrix for the probabilitiy
Your posts are moderated
Related Questions

1) Find the maxima and minima of f(x,y,z) = 2x + y -3z subject to the constraint 2x^2+y^2+2z^2=1 2) Compute the work done by the force ?eld F(x,y,z) = x^2I + y j +y k in moving

A spring has a natural length of 20 Centimeter. A 40 N force is needed to stretch and hold the spring to a length of 30 Centimeter. How much work is completed in stretching the spr

Following is some more common functions that are "nice enough". Polynomials are nice enough for all x's. If f ( x) = p ( x ) /q (x ) then f(x) will be nice enough provid


Can you help me with the coursework i have in Matlab?

A wholesaler allows a discount of 20% on the list price to a retailer. The retailer sells at 5% discount on the list price.If a customer paid Rs 114 for an article,what profit is m

Wendy brought $16 to the mall. She spent $6 on lunch. What percent of her money did she spend on lunch? Divide $6 by $16 to ?nd out the percent; $6 ÷ $16 = 0.375; 0.375 is equi

what is the difference between North America''s part of the total population and Africa''s part

how do you make a tnslation