Cell phone users in Boise can choose between three carriers: Sprint, AT&T, and Verizon. Advertising by all three companies results in a continual shift of customers. Each year, Sprint loses 30% of customers to AT&T and 30% to Verizon. AT&T loses 20% to Sprint and 10% to Verizon. Verizon loses 25% to Sprint and 25% to AT&T. Currently, Sprint has 25% of the market, AT&T has 35%, and Verizon has 40%. Use sprint (S), AT&T (A) , Verizon (V) State the probability vector, create the transition matrix, and draw the transition diagram 2. Assume that for 5 years this trend continues. State the transition matrix after 5 years. What is the market share for each compa
Cell phone users in Boise can choose between three carriers: Sprint, AT&T, and Verizon. Advertising by all three companies results in a continual shift of customers. Each year, Sprint loses 30% of customers to AT&T and 30% to Verizon. AT&T loses 20% to Sprint and 10% to Verizon. Verizon loses 25% to Sprint and 25% to AT&T. Currently, Sprint has 25% of the market, AT&T has 35%, and Verizon has 40%. Use sprint (S), AT&T (A) , Verizon (V) State the probability vector, create the transition matrix, and draw the transition diagram 2. Assume that for 5 years this trend continues. State the transition matrix after 5 years. What is the market share for each compa
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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Cell phone users in Boise can choose between three carriers: Sprint, AT&T, and Verizon. Advertising by all three companies results in a continual shift of customers. Each year, Sprint loses 30% of customers to AT&T and 30% to Verizon. AT&T loses 20% to Sprint and 10% to Verizon. Verizon loses 25% to Sprint and 25% to AT&T. Currently, Sprint has 25% of the market, AT&T has 35%, and Verizon has 40%.
Use sprint (S), AT&T (A) , Verizon (V)
State the probability vector , create the transition matrix, and draw the transition diagram
2. Assume that for 5 years this trend continues. State the transition matrix after 5 years. What is the market share for each company after 5 years?If the trend continues indefinitely, what will the market share be for each in the long run?
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