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 0.85 0.15
MDA 0.05 0.95

  1. Which brand appears to have the most loyal customers? MDA Explain. The input in the box below will not be graded, but may be reviewed and considered by your instructor.
  2. What are the projected market shares for the two brands? If required, round your answer to three decimal places. = =

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