Market share. Consumers in a certain area can choose between three package delivery services: APS,GX, and WWP. Each week, APS loses 10% of its customers to GX and 20% to WWP, GX loses 15% of itscustomers to APS and 10% to WWP, and WWP loses 5% of its customers to APS and 5% to GX. Assumingthat these percentages remain valid over a long period of time, what is each company's expected marketshare in the long run?

Answered: X, and WWP. Each week, APS loses 10% of…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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answer D & E ONLY
Discuss two extensions to the original GARCH (p,q) model and explain additional characteristics of financial data they might be able to capture.
It is known that in any given year, • 90% of the people in a city move to the suburbs; • 80% of the people in the suburbs do not move to the city. Given an initial city population of 55,000 and an initial suburb population of 77,000, what are the long-term population levels of the city and the suburb?
An entrepreneur who owns and operates two businesses (A and B) would like to analyze their profitability. They would like your help in the analysis. They give you the annual net profit (in thousands of $) for each business from 2008-2020. Table 1: Annual Net Profits for Businesses A and B Business Year Profit Business Year Profit 2008 -50 2008 -10 2009 57 2009 30 2010 71 2010 27 2011 64 2011 22 2012 60 2012 21 2013 50 2013 20 A 2014 41 2014 24 2015 59 2015 24 2016 71 2016 32 2017 71 2017 36 2018 74 2018 37 019 81 20 40 2020 97 2020 49 a. Suppose you want to graph the distribution of profits. Explain why using only one stem- plot might not be optimal for the analysis. b. Describe the correct stemplot to use. Generate this stemplot. Explain your steps. What can you say about the distribution from this stemplot? c. When are stemplots useful? And why is that? d. Suppose that instead of having 26 observations you have 200 observations. What graph should you generate? e. What other type of…
A person wants to earn the profit of $200,000 from his three goods next year. Product A gives him a profit of $100 and has an expected growth of 10% per year. Product B provides a profit of $200 and has an expected growth of 5% per year. Product C provides a profit of $150 and has an expected growth of 8% per year. The person plans to sell two times of product C as of product B. If the person estimated a total growth of 12% per year in his profits, how many of each product should the person sell in a year? the answer is A: 1931, B: 14, C: 28
A gerontologist investigating various aspects of aging process wanted to see whether staying “ lean and mean, “ that is, being under normal body inbred line to one of three diets: (1) unlimited access to food, (2) 90% of the amount of food that a rat of size would normally eat, or (3) 80% of amount of food that a rat of the size would normally eat. She maintained the rats on three diets throughout their lives and recorded their lifespans (in years). Five rates in each group. Is there evidence that diet affected life span in this study? Let α= 0.01 Complete the ANOVA table . Source of variation df SS MS Fc Treatment 2 1.575 Error 12 Total 14 5.60 A) Hypothesis Test H0: H1: B) Test Statistic C) Decision Rule d) Conclusion *(please with equations and explanation) and thamnk you

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