Transition matrix for the probabilitiy, Mathematics

Assignment Help:

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?


Related Discussions:- Transition matrix for the probabilitiy

Pemdas, what is the answer using pemdas (32 divided into 4)+3

what is the answer using pemdas (32 divided into 4)+3

Determine the equation of the line, Example :  Determine the equation of th...

Example :  Determine the equation of the line which passes through the point (8, 2) and is, parallel to the line given by 10 y+ 3x = -2 Solution In both of parts we are goi

DIFFERENTIAL EQUATIONS, WHICH LIFE PROBLEMS CAN BE SOLVED USING THE KNOWLED...

WHICH LIFE PROBLEMS CAN BE SOLVED USING THE KNOWLEDGE OF DIFFERNTIAL EQUATIONS?

Calculate values of kinetics , A reaction following first-order kinetics wa...

A reaction following first-order kinetics was studied by determining the reactant concentrations at equal time intervals. Each successive pair of concentrations, [A] o and [A] 1

Evaluate numerator and denominator limit, Evaluate following limits. ...

Evaluate following limits. Solution : Let's do the first limit & in this case it sees like we will factor a z 3 out of the numerator and denominator both. Remember that

If 967.234 is divided by 10 how will the decimal point move, If 967.234 is ...

If 967.234 is divided by 10, how will the decimal point move? It will move one place to the left. While dividing by multiples of 10, the decimal point is moved to the left acco

Help, question..A Circular rug is 6 yards in diameter. Binding for the edge...

question..A Circular rug is 6 yards in diameter. Binding for the edge of the rug cost $2.00 per yard . what eill it cost to bind the rug

Power series - sequences and series, Power Series We have spent quite...

Power Series We have spent quite a bit of time talking about series now and along with just only a couple of exceptions we've spent most of that time talking about how to fin

Solving ratios, you are in charge of making punch for an upcoming dance. th...

you are in charge of making punch for an upcoming dance. the punch recipe makes 5 cups of punch by making 3 cups of cranberry juice with 2 cups of apple juice. What is the ratio of

Operation research, i have assignment in operatuion research can you help m...

i have assignment in operatuion research can you help me

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd