Homework Help is Here – Start Your Trial Now!
Math
Statistics
Consumers in a certain state can choose between three long-distance téléphone in continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 10% to Dash, NCJ loses 25% of its customers and 10% to Dash, and Dash loses 25% of its customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, w each company's expected market share in the long run? %. GTT's expected market share is (Round to the nearest tenth as needed.) ALIXHE

Consumers in a certain state can choose between three long-distance téléphone in continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 10% to Dash, NCJ loses 25% of its customers and 10% to Dash, and Dash loses 25% of its customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, w each company's expected market share in the long run? %. GTT's expected market share is (Round to the nearest tenth as needed.) ALIXHE

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
100%

9.2 10

see attachment 

K Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 10% to Dash, NCJ loses 25% of its customers to GTT and 10% to Dash, and Dash loses 25% of its customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, what is each company's expected market share in the long run? GTT's expected market share is. (Round to the nearest tenth as needed.)
Transcribed Image Text:K Consumers in a certain state can choose between three long-distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in continual shift of customers among the three services. Each year, GTT loses 5% of its customers to NCJ and 10% to Dash, NCJ loses 25% of its customers to GTT and 10% to Dash, and Dash loses 25% of its customers to GTT and 10% to NCJ. Assuming that these percentages remain valid over a long period of time, what is each company's expected market share in the long run? GTT's expected market share is. (Round to the nearest tenth as needed.)
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS