A major long-distance telephone company (company A) has studied the tendency of telephone users to switch from one carrier to another. The company believesthat over successive six-month periods, the probability that a customer who uses A's service will switch to a competing service is 0.2 and the probability that acustomer of any competing service will switch to A is 0.3.(a) Find a transition matrix for this situation.(b) If A presently controls 60% of the market, what percentage can it expect to control six months from now?(c) What percentage of the market can A expect to control in the long run?(a) Find a transition matrix for this situation. Let "Comp" stand for "a competing service."A CompAComp(Type integers or decimals.)(b) If A presently controls 60% of the market, what percentage can it expect to control six months from now?Company A can expect to control % of the market six months from now.(c) What percentage of the market can A expect to control in the long run?Company A can expect to control % of the market in the long run.

Given that the probability of a customer who uses A's service will switch to a competing service is…

Answered: A major long-distance telephone company…

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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