Chapter 11.2, Problem 8E

In Exercises $5-11$, round all percent to the nearest whole percent.

A marketing analysis shows that Clicker Pens currently commands 46% of the pen market. The analysis also indicates that 46% of the consumers who do not currently own a Clicker pen will purchase a Clicker the next time they buy a pen and that 37% of the consumers who currently own a Clicker will not purchase one the next time they buy a pen. If the average consumer buys a new pen every three weeks, predict Clicker's market share after six weeks.