Question: PLEASE EXPLAIN CLEARLY HOW TO SET UP TRANSITION MATRIX A store sells three different brands of granola. Brand A accounts for 2 0 % of
PLEASE EXPLAIN CLEARLY HOW TO SET UP TRANSITION MATRIX
A store sells three different brands of granola. Brand A accounts for of sales, Brand B for and Brand C for The store decides to offer weekly discount coupons for Brands A and C expecting for Brand B buyers to switch to Brand A of Brand B buyers to switch to Brand C of Brand buyers to switch to Brand A and of Brand A buyers to switch to Brand B
a Write the transition matrix T corresponding to this information, and the matrix corresponding to the starting state of the customers.
b What is the percent of sales for each brand after weeks?
c What is the percent of sales for Brand B after weeks?
d What is the steady state in this situation?
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