The market research department at a manufacturing plant determines that 30% of the people who purchase the plant's product during any month will not purchase it the next month. On the other hand, 40% of the people who do no purchase the product during any month will purchase it the next month. In a population of 1000 people, 200 people purchased the product this month. How many will purchase the product the next month and in 2 months.

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 28EQ
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The market research department at a manufacturing plant determines that 30% of the people who purchase the plant's product during any month will not purchase it the next month. On the other hand, 40% of the people who do no purchase the product during any month will purchase it the next month. In a population of 1000 people, 200 people purchased the product this month. How many will purchase the product the next month and in 2 months.

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