Question: Problem 16-09 (Algorithmic) The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition probabilities: To From

Problem 16-09 (Algorithmic) The purchase patterns

Problem 16-09 (Algorithmic) 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 0.85 0.25 MDA 0.15 0.75 a. Which brand appears to have the most loyal customers? Special B b. What are the projected market shares for the two brands? If required, round your answer to three decimal places. T = T2 =

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