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 ?

 

 

Posted Date: 2/27/2013 12:50:34 AM | Location : United States

Ask an Expert

Related Discussions:- What is the probability, Assignment Help, Ask Question on What is the probability, Get Answer, Expert's Help, What is the probability Discussions

Write discussion on What is the probability
Your posts are moderated

Write your message here..

Related Questions

Environmental appraisal, what is environmental apprasial what is environmental apprasial

Clearance pattern, Clearance pattern The proportion of the entire amount d... Clearance pattern The proportion of the entire amount disbursed that is debited alongside the state''s bank account every day after the disbursements,

Time seires, explain time series analysis explain time series analysis

Assignment, How much it will cost to get an assignment How much it will cost to get an assignment

Fluid mechanics, Find the kinematic and dynamic viscosities of air at a tem... Find the kinematic and dynamic viscosities of air at a temperature of 189°F and a pressure of 29 psia using Sutherland''s equation and the ideal gas law .

Generally accepted accounting principles, Can the Depreciation on Assets be... Can the Depreciation on Assets be recorded in Single Entry system? No, it cannot be possible. What do you mean by Computer Hardware? The computer is made with different co

Life tables, For public health purposes, the force of mortality in a popula... For public health purposes, the force of mortality in a population is usually measured by means of such indices as crude death rate. Infant mortality rate, specific death rate at d

Cost accounting, what is the relationship of cost accounting to financial a... what is the relationship of cost accounting to financial and management accounting?

Texas.., what is the Texas state gemstone what is the Texas state gemstone

Illustrate linear correlation, Q. Illustrate Linear Correlation? Ans. ... Q. Illustrate Linear Correlation? Ans. In bivariate studies we are often interested in finding out whether there is a relationship between two sets of data. Are SAT score