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 toothpaste can be expressed as a Markov process with the following transition probabilities:


The purchase patterns for two brands of toothpaste can be

a. Which brand appears to have the most loyal customers? Explain.
b. What are the projected market shares for the twobrands?

lo Special B 0.90 0.05 MDA 0.10 0.95 lro Special B MDA

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