Question: The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition probabilities: 1. Problem 16-01 Problem 16-09

The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition probabilities:

1. Problem 16-01 Problem 16-09 (Algorithmic) The purchase patterns for two brands of toothpaste can be expressed as a Markov process with the following transition probabilities: 2. Problem 16-03 (Algorithmic) To 3. Problem 16-05 (Algorithmic) From MDA Special B 0.80 0.20 4. Problem 16-07 (Algorithmic) Special B MDA 0.15 0.85 5. Problem 16-09 (Algorithmic) a. Which brand appears to have the most loyal customers? 6. Problem 16-11 Explain. The input in the box below will not be graded, but may be reviewed and considered by your instructor. b. What are the projected market shares for the two brands? If required, round your answer to three decimal places. 7T1 = 7T2 =

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