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
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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.)
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