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Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual shit of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 15% to Dash, NCJ loses 30% of its customers to GTT and 20% to Dash, and Dash loses 20% of ts customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, what is each company's expected market share in the long run? GTT's expected market share is. (Round to the nearest tenth as needed.)

Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual shit of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 15% to Dash, NCJ loses 30% of its customers to GTT and 20% to Dash, and Dash loses 20% of ts customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, what is each company's expected market share in the long run? GTT's expected market share is. (Round to the nearest tenth as needed.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 28PPS
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Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual shit of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 15% to Dash, NCJ loses 30% of its customers to GTT and 20% to Dash, and Dash loses 20% of ts customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, what is each company's expected market share in the long run? GTT's expected market share is. (Round to the nearest tenth as needed.)
Transcribed Image Text:Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual shit of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 15% to Dash, NCJ loses 30% of its customers to GTT and 20% to Dash, and Dash loses 20% of ts customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, what is each company's expected market share in the long run? GTT's expected market share is. (Round to the nearest tenth as needed.)
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