Question: 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

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	0.90	0.10
MDA	0.02	0.98

(b)

What are the projected market shares for the two brands? (Enter exact numbers as integers, fractions, or decimals.)

Special B ₁=

MDA ₂=

I need help with "B." Below is screenshot of correct and incorrect answers. Please show the answer as a fraction. Thank you!

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 to the otherand, % switch th % 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.) SpecialBMDA1=2=

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