Question: Please help. Thumbs up if correct! The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition

Please help. Thumbs up if correct! The purchasePlease help. Thumbs up if correct!

The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition probabilities: To From Special B MDA Special B 0.92 0.08 MDA 0.04 0.96 (a) Which brand appears to have the most loyal customers? Explain. % stay with them and only % switch to the other brand, as opposed to --Select- where only % ---Select--- has the most loyal customers because stay with them and % switch (b) What are the projected market shares for the two brands? Special B T1 = MDA 1=

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