QUESTION 8 There is a 30% chance that any current client of company A will switch to company B this year. There is a 20% chance that any client of company B will switch to company A this year, If these probabilities are stable over the years, and if company A has 1000 clients and company B has 1000 clients, in the long run (assuming the probabilities do not change), wat will the market shares be? For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac). в I Paragraph Av2 T. Arial ... 10pt = 制 x X 汉 土 罗v 田田 田田田国 > t (1)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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QUESTION 8
There is a 30% chance that any current client of company A will switch to company B this year. There is a 20% chance that any client of company B
will switch to company A this year, If these probabilities are stable over the years, and if company A has 1000 clients and company B has 1000
clients, in the long run (assuming the probabilities do not change), wiat will the market shares be?
For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac).
B I
Paragraph
Av2v T.
Arial
10pt
= 制
x X 汉MT
田田 田田田国
> Ť (1)
Transcribed Image Text:QUESTION 8 There is a 30% chance that any current client of company A will switch to company B this year. There is a 20% chance that any client of company B will switch to company A this year, If these probabilities are stable over the years, and if company A has 1000 clients and company B has 1000 clients, in the long run (assuming the probabilities do not change), wiat will the market shares be? For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac). B I Paragraph Av2v T. Arial 10pt = 制 x X 汉MT 田田 田田田国 > Ť (1)
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