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
3456+3694

How can i calculate arc length for dividing a circle into 10 parts

What are the Basic Elements of Reasoning ? There are four basic elements used in geometry. If we say studying geometry is like building a house, then these elements are like d

The radius of the in circle of a triangle is 4cm and the segments into which one side is divided by the point of contact are 6cm and 8cm.  Determine the other two sides of the tria

Interpretation of the second derivative : Now that we've discover some higher order derivatives we have to probably talk regarding an interpretation of the second derivative. I

A seahorse layes about 200 eggs.How would you include this data on your pictograph.would you need to change anything.Explain the change.show your work.

Graph y = sin ( x ) Solution : As along the first problem in this section there actually isn't a lot to do other than graph it.  Following is the graph. From this grap

Using the expample provided below, if m∠ABE = 4x + 5 and m∠CBD = 7x - 10, Determine the measure of ∠ABE. a. 155° b. 73° c. 107° d. 25° d. ∠CBD and ∠ABE are vert

If the population standard deviation is o=8, how large a sample is necessary to have a standard error that is: a.  less than 4 points? b.  less than 2 points? c.  less than 1 poin

Two stations due south of a leaning tower which leans towards the north are at distances a and b from its foot.  If α ,  β be the elevations of the top of the tower from these