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QUESTION 8 There is a 30% chance that any current client of company A will switch to company B this year. There is a 20% chance that any client of company B will switch to company A this year, If these probabilities are stable over the years, and if company A has 1000 clients and company B has 1000 clients, in the long run (assuming the probabilities do not change), wat will the market shares be? For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac). в I Paragraph Av2 T. Arial ... 10pt = 制 x X 汉 土 罗v 田田 田田田国 > t (1)

QUESTION 8 There is a 30% chance that any current client of company A will switch to company B this year. There is a 20% chance that any client of company B will switch to company A this year, If these probabilities are stable over the years, and if company A has 1000 clients and company B has 1000 clients, in the long run (assuming the probabilities do not change), wat will the market shares be? For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac). в I Paragraph Av2 T. Arial ... 10pt = 制 x X 汉 土 罗v 田田 田田田国 > t (1)

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
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QUESTION 8 There is a 30% chance that any current client of company A will switch to company B this year. There is a 20% chance that any client of company B will switch to company A this year, If these probabilities are stable over the years, and if company A has 1000 clients and company B has 1000 clients, in the long run (assuming the probabilities do not change), wiat will the market shares be? For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac). B I Paragraph Av2v T. Arial 10pt = 制 x X 汉MT 田田 田田田国 > Ť (1)
Transcribed Image Text:QUESTION 8 There is a 30% chance that any current client of company A will switch to company B this year. There is a 20% chance that any client of company B will switch to company A this year, If these probabilities are stable over the years, and if company A has 1000 clients and company B has 1000 clients, in the long run (assuming the probabilities do not change), wiat will the market shares be? For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac). B I Paragraph Av2v T. Arial 10pt = 制 x X 汉MT 田田 田田田国 > Ť (1)
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