Question: Refer to the detergent example and construct the transition probabilities matrix. The transition probabilities for the problem are given in Table 14.1. TABLE 14.1 Transition

Refer to the detergent example and construct the transition probabilities matrix.

The transition probabilities for the problem are given in Table 14.1.

TABLE 14.1 Transition Probabilities Matrix From Brand (this month) To Brand (next

TABLE 14.1 Transition Probabilities Matrix From Brand (this month) To Brand (next month) D D2 D3 525 D 0.60 0.30 0.10 D 0.20 0.50 0.30 D3 0.15 0.05 0.80

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