The share of the market held by each company: Verizon, AT&T and others after 1 year where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following: Now has Verizon AT&T Others will switch to Verizon AT&T Others [ 0.91 0.07 0.02 0.03 0.87 0.10 0.14 0.04 0.82 ]

Question

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Answer 1

Question

Chapter 9.5, Problem 41E

(a)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 1 year where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(b)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 2 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(c)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 3 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(d)

To determine

To calculate: The long-range prediction of each company: Verizon, AT&T and others where

Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

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Answer 2

Question

Chapter 9.5, Problem 41E

(a)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 1 year where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(b)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 2 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(c)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 3 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(d)

To determine

To calculate: The long-range prediction of each company: Verizon, AT&T and others where

Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

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Answer 3

Question

Chapter 9.5, Problem 41E

(a)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 1 year where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(b)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 2 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(c)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 3 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(d)

To determine

To calculate: The long-range prediction of each company: Verizon, AT&T and others where

Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

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Answer 4

Question

Chapter 9.5, Problem 41E

(a)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 1 year where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(b)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 2 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(c)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 3 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(d)

To determine

To calculate: The long-range prediction of each company: Verizon, AT&T and others where

Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

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Answer 5

Chapter 9.5, Problem 41E

(a)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 1 year where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(b)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 2 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(c)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 3 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

(d)

To determine

To calculate: The long-range prediction of each company: Verizon, AT&T and others where

Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

Answer 6

Chapter 9.5, Problem 41E

(a)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 1 year where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

Answer 7

Chapter 9.5, Problem 41E

(a)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 1 year where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

Answer 8

(b)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 2 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

Answer 9

(b)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 2 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

Answer 10

(c)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 3 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

Answer 11

(c)

To determine

To calculate: The share of the market held by each company: Verizon, AT&T and others after 3 years where Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

Answer 12

(d)

To determine

To calculate: The long-range prediction of each company: Verizon, AT&T and others where

Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

Answer 13

(d)

To determine

To calculate: The long-range prediction of each company: Verizon, AT&T and others where

Verizon has 35.1% of the wireless market, AT&T has 32.4% market and others has 32.5% market and the transition matrix for customer switching carrier in a year is as following:

Now has VerizonAT&TOthers will switch to Verizon AT&T Others [0.910.070.020.030.870.100.140.040.82]

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 9.1 - Checkpoint 1 (a) Give the probability distribution...Ch. 9.1 - Checkpoint 2 Find the expected value of the number...Ch. 9.1 - Prob. 3CP Ch. 9.1 - Prob. 4CP Ch. 9.1 - Prob. 5CP Ch. 9.1 - Prob. 6CP Ch. 9.1 - Prob. 1E Ch. 9.1 - Prob. 2E Ch. 9.1 - Prob. 3E Ch. 9.1 - Prob. 4E

Solution Summary: The author calculates the share of the market held by Verizon, AT&T, and others after one year.

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