Consider there are only two computer companies in a country. The companies are named “Dude” and “Imac”. Each year, company Dude keeps 1/5th of its customers, while the rest switch to Imac. Each year, Imac keeps 1/3rd of its customers, while the rest switch to Dude. If in 2002, Dude has 1/6th of the market and Imac has 5/6th of the market, what is the distribution of the market share between the two companies in 2003. (Hint: you can cast this as a matrix multiplication problem)

Consider there are only two computer companies in a country. The companies are named “Dude” and “Imac”. Each year, company Dude keeps 1/5th of its customers, while the rest switch to Imac. Each year, Imac keeps 1/3rd of its customers, while the rest switch to Dude. If in 2002, Dude has 1/6th of the market and Imac has 5/6th of the market, what is the distribution of the market share between the two companies in 2003. (Hint: you can cast this as a matrix multiplication problem)

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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