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

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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.
b. What are the projected market shares for the twobrands?

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Quantitative Methods for Business

ISBN: 978-0324651751

11th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam

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Question Posted: Aug 07, 2012 03:14 AM

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

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a Only 5 of MDA custome...View the full answer

Quantitative Methods for Business

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