Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. express all answers as decimals rounded to 3 decim

Express all answers as decimals rounded to 3 decimal places, if needed. Express percentages as...

80.2K

Verified Solution

Question

Statistics

image

Express all answers as decimals rounded to 3 decimal places, if needed. Express percentages as decimals (instead of 25.6%, use .256Cell phone users in Boise can choose between three carriers: Sprint, AT&T, and Verizon. Advertising by all three companies results in a continual shift of customers. Each year, Sprint loses 30% of customers to AT&T and 30% to Verizon. AT&T loses 20% to Sprint and 10% to Verizon. Verizon loses 25% to Sprint and 25% to AT&T. Currently, Sprint has 25% of the market, AT&T has 35%, and Verizon has 40%.Use the order Sprint (S), AT&T (A), Verizon (V) throughout this assignment.1. State the probability vector:2. Create the transition matrix, labeling rows and columns, and draw the transition diagram.Create your matrix with the rows ordered S, A, and V, and columns ordered S, A, and V.3. Assume that for 5 years this trend continues. State the transition matrix after 5 years.4. What is the market share for each company after 5 years?Sprint:AT&T:Verizon:5. If the trend continues indefinitely, what will the market share be for each in the long run?Sprint:AT&T:Verizon:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the four second partial derivatives. Observe that the second mixed partials are equal. z = 25xey − 8ye−x

Basic Math
Q

Identify historical uses of statistics and probability for great good and for great harm. How can...

Advance Math
Q

Using the unit normal table, find the proportion under the standard normal curve that lies between...

Statistics
Q

Problem 08-3A Flexible budget preparation; computation of materials, labor, and overhead variances; and overhead variance report LO...

Accounting
Q

The greater color change in the bromothymol blue experiment when running showed an increased rate...

Biology
Q

Which of these figures does not have two pairs of parallel sides Select one O...

Algebra
Q

Use the following to answer questions 5-8: The following information relates to the pension plan...

Accounting
Q

Part I (50 points) Due: _Tues, Sept 10 at beg of class From SUA IFL:...

Accounting
Q

If average returns are not increasing in securities systematic risk, can we conclude from this...

Accounting
Q

A) B) c) please do requirements A-C (I will like!) thank...

Accounting
Q

Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in...

Accounting
Q

at what interest rate would a deposit of $30000 grow to $2,540,689 in 40years with...

Finance