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1. Three fast food hamburger restaurants are competing for the college lunch crowd. Burger Bills has 40% of the market while Hungary Heifer and Salty Sams each have 30% of the market. Burger Bills loses 10% of its customers to the Hungary Heifer and 10% to Salty Sams each month. The Hungary Heifer loses 5% of its customers to Burger Bills and 10% to Salty Sams each month. Salty Sams loses 10% of its customers to the Burger Bills while 20% go to the Hungary Heifer. What will the market shares be for the three businesses next month? What will the market shares be in the long run? (Equilibrium)
2. There is a 30% chance that any client of company A will switch to company B this year. There is a 20% chance that any client of company B will switch to company A this year. If these probabilities are stable over the years, and if company A has 1,000 clients and company B has 1,000 clients, in the long run (assuming probabilities do not change), what will the market shares be?
One sample has SS = 48 and a second sample has SS = 32. When both samples have n =5, what is each sample variance and computed pooled variance?
Write the quadratic equation whose roots are 5 and 4, and whose leading coefficient is 1.(Use the letter x to represent the variable.) Write the quadratic equation whose roots are 1 and 2, and whose leading coefficient is 2
the cpu of a personal computer has a lifetime that is exponentially distributed with a mean lifetime of six years. you
Calculate the test statistic. Determine the p-value of the test-statistic.
bottles of juice of one brand are supposed to contain 16 fluid ounces of juice. the table below shows the amount of
In a normal distribution
lambda computer products competed for and won a contract to produce two prototype units of a new type of computer that
wilmer thinks that nba players in general are taller than high school basketball players. he has measured 5 nba players
step 1 solve the following problems.use a program such as ms word to write your solutions to the following problems. be
Suppose that the following data were obtained for a collection of archaeological sites in New Mexico: Calculate the sample correlation coefficient r.
A consumer watchdog agency selects a random sample of 40 taxpayers. What is the standard error of the mean? What is the likehood the sample mean is greater than 320 minutes?
foofy obtained a significant fobt from an experiment with five levels. she therefore concludes that changing every
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