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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 ?
What is a sole proprietorship? A sole proprietorship is a form of business organization that is owned by one person. The owner is referred to as a sole proprietor. In accoun
advantages an d disadvantages of various measures o f dispersion
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started business with cash
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Consider the manufacturing system presented in the article by Yu and Bricker (1993). The management would like to purchase new machine tools more reliable and more high accuracy
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foster company makes 20000 units per year that in uses in products it manufactures
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