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
Brian's 100-yard dash time was 2.68 seconds more than one school record. Brian's time was 13.4 seconds. What is the school record? The school record is less than Brian's time.

Frequency Distribution or Variance Ratio Distribution This was developed by R. A Fisher in 1924 and is normally defined in terms of the ratio of the variances of two usually d

A circular pool is filling along with water. Supposing the water level will be 4 ft deep and the diameter is 20 ft, what is the volume of the water required to fill the pool? (π =

Conditional probability - Rules of Probability This is the probability associated with combinations of events but given that some prior result has already been achieved with o


The area of a rectangular yard is 480 square feet. The yard is 24 feet wide. How many feet do I need to fence all four sides?

Sally gets paid x dollars per hour for a 40-hour work week and y dollars for every hour she works over 40 hours. How much did Sally earn if she worked 48 hours? Since she worke

You recently started the paperwork to purchase your new home, and you were just notified that you can move into the house in two weeks. You decide to hire a moving company, but are

compare: 643,251: 633,512: 633,893. The answer is 633,512.

In triangle ABC, cosecA(sinB.sinC+cosB.sinC) is equal to..?