Question: Assume a simple, two - state ( active vs . inactive ) customer transition matrix. It is given that the probability of a customer, who

Assume a simple, two-state (active vs. inactive) customer transition matrix. It is given that the probability of a customer, who is active today, to remain active in the next period is 75%. In the same transition matrix, what is the probability of customer who is inactive today to become active in the next period?
A.75%
B.100%
C.0%
D.25%
 Assume a simple, two-state (active vs. inactive) customer transition matrix. It

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!