Answered: A market survey shows that half the…

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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$**Markov Transition Matrix Problem** A market survey shows that half the owners of Sorey State Boogie Boards became disenchanted with the product and switched to C&T Super Professional Boards the next surf season, while the other half remained loyal to Sorey State. On the other hand, three quarters of the C&T Boogie Board users remained loyal to C&T, while the rest switched to Sorey State. Set these data up as a Markov transition matrix. **Instructions:** - Let 1 = Sorey State - Let 2 = C&T **Transition Matrix:** \[ \begin{array}{c|cc} & 1 & 2 \\ \hline 1 & & \\ 2 & & \\ \end{array} \] **Calculate the probability that a Sorey State Board user will be using the same brand two seasons later.** **Answer:** \[ \ \]$

Transcribed Image Text:**Markov Transition Matrix Problem** A market survey shows that half the owners of Sorey State Boogie Boards became disenchanted with the product and switched to C&T Super Professional Boards the next surf season, while the other half remained loyal to Sorey State. On the other hand, three quarters of the C&T Boogie Board users remained loyal to C&T, while the rest switched to Sorey State. Set these data up as a Markov transition matrix. **Instructions:** - Let 1 = Sorey State - Let 2 = C&T **Transition Matrix:** \[ \begin{array}{c|cc} & 1 & 2 \\ \hline 1 & & \\ 2 & & \\ \end{array} \] **Calculate the probability that a Sorey State Board user will be using the same brand two seasons later.** **Answer:** \[ \ \]

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