Question: 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

The purchase patterns for two brands of

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 \% switch to the other brand, as opposed to Select-. where only \% stay with them and % switch. (b) What are the projected market shares for the two brands? Special B 1= MDA 2=

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