Market share. Consumers in a certain area can choose between three package delivery services: APS,GX, and WWP. Each week, APS loses 10% of its customers to GX and 20% to WWP, GX loses 15% of itscustomers to APS and 10% to WWP, and WWP loses 5% of its customers to APS and 5% to GX. Assumingthat these percentages remain valid over a long period of time, what is each company's expected marketshare in the long run?

X, and WWP. Each week, APS loses 10% of its customers to GX and 20% to WWP, GX loses 15% of its ustomers to APS and 10% to WWP, and WWP loses 5% of its customers to APS and 5% to GX. Assuming hat these percentages remain valid over a long period of time, what is each company's expected market hare in the long run?

X, and WWP. Each week, APS loses 10% of its customers to GX and 20% to WWP, GX loses 15% of its ustomers to APS and 10% to WWP, and WWP loses 5% of its customers to APS and 5% to GX. Assuming hat these percentages remain valid over a long period of time, what is each company's expected market hare in the long run?

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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