Question: Please do all parts, if you are not comfortable doing that then dont answer at all, thank you! The purchase patterns for two brands of

Please do all parts, if you are not comfortable doing that then dont answer at all, thank you!

Please do all parts, if you are not comfortable

The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition probabilities. (a) Which brand appears to have the most loyal customers? Explain. has the most loyal customers because % stay with them and only % switch to the other brand, as opposed to where only % stay with them and \% switch. (b) What are the projected market shares for the two brands? (Enter exact numbers as integers, fractions, or decimals.) Special B1= MDA 2=

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