(a) First upgrade (b) Second upgrade (c) Third upgrade
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Suppose that Phone A has a 20% market share initially, with Phone B
having an 80% market share. The transition matrix to the right
represents customers who currently own phones A and B and the
probability that they will upgrade to a new phone A or B. Use this
transition matrix to find the share for each phone after the following
upgrades.
A B
A
0.8
0.2
B
0.25 0.75
(a) First upgrade
(b) Second upgrade
(c) Third upgrade
(a) With the first upgrade, Phone A has % of the market and Phone B has
% of the market.
(Round your answers to two decimal places as needed.)
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