Customer Preference Two movie theatres that show several different movies each night compete for the same audience. Of the people who attend theatre A one night, 10 % will attend again the next night and 5 % will attend Theatre B the next night. Of the people who attend Theatre B one night, 8 % will attend again the next night and 6 % will attend Theatre A the next night. Of the people who attend neither theatre one night, 3 % will attend Theatre A the next night and 4 % will attend Theatre B the next night. Find and interpret the steady state matrix for this situation.
Customer Preference Two movie theatres that show several different movies each night compete for the same audience. Of the people who attend theatre A one night, 10 % will attend again the next night and 5 % will attend Theatre B the next night. Of the people who attend Theatre B one night, 8 % will attend again the next night and 6 % will attend Theatre A the next night. Of the people who attend neither theatre one night, 3 % will attend Theatre A the next night and 4 % will attend Theatre B the next night. Find and interpret the steady state matrix for this situation.
Solution Summary: The author explains that two movie theatres are competing with each other with the same audience which shows several different movies each night.
Customer Preference Two movie theatres that show several different movies each night compete for the same audience. Of the people who attend theatre A one night,
10
%
will attend again the next night and
5
%
will attend Theatre B the next night. Of the people who attend Theatre B one night,
8
%
will attend again the next night and
6
%
will attend Theatre A the next night. Of the people who attend neither theatre one night,
3
%
will attend Theatre A the next night and
4
%
will attend Theatre B the next night. Find and interpret the steady state matrix for this situation.
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