
A publishing company has determined that a new edition of an existing mathematics textbook will be readopted by 80% of its current users and will be adopted by 7% of the users of other texts if the text is not changed radically. To determine whether it should change the book radically to attract more sales, the company uses Markov chains. Assume that the text in question currently has 25% of its possible market.
(a) Create the transition matrix for this chain.
(b) Find the probability
(c) Find the steady-state vector for this text to determine what percent of its market this text will have if this policy is continued.

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Chapter 7 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
- A graph of the function f is given below: Study the graph of ƒ at the value given below. Select each of the following that applies for the value a = 1 Of is defined at a. If is not defined at x = a. Of is continuous at x = a. If is discontinuous at x = a. Of is smooth at x = a. Of is not smooth at = a. If has a horizontal tangent line at = a. f has a vertical tangent line at x = a. Of has a oblique/slanted tangent line at x = a. If has no tangent line at x = a. f(a + h) - f(a) lim is finite. h→0 h f(a + h) - f(a) lim h->0+ and lim h h->0- f(a + h) - f(a) h are infinite. lim does not exist. h→0 f(a+h) - f(a) h f'(a) is defined. f'(a) is undefined. If is differentiable at x = a. If is not differentiable at x = a.arrow_forwardThe graph below is the function f(z) 4 3 -2 -1 -1 1 2 3 -3 Consider the function f whose graph is given above. (A) Find the following. If a function value is undefined, enter "undefined". If a limit does not exist, enter "DNE". If a limit can be represented by -∞o or ∞o, then do so. lim f(z) +3 lim f(z) 1-1 lim f(z) f(1) = 2 = -4 = undefined lim f(z) 1 2-1 lim f(z): 2-1+ lim f(x) 2+1 -00 = -2 = DNE f(-1) = -2 lim f(z) = -2 1-4 lim f(z) 2-4° 00 f'(0) f'(2) = = (B) List the value(s) of x for which f(x) is discontinuous. Then list the value(s) of x for which f(x) is left- continuous or right-continuous. Enter your answer as a comma-separated list, if needed (eg. -2, 3, 5). If there are none, enter "none". Discontinuous at z = Left-continuous at x = Invalid use of a comma.syntax incomplete. Right-continuous at z = Invalid use of a comma.syntax incomplete. (C) List the value(s) of x for which f(x) is non-differentiable. Enter your answer as a comma-separated list, if needed (eg. -2, 3, 5).…arrow_forwardA graph of the function f is given below: Study the graph of f at the value given below. Select each of the following that applies for the value a = -4. f is defined at = a. f is not defined at 2 = a. If is continuous at x = a. Of is discontinuous at x = a. Of is smooth at x = a. f is not smooth at x = a. If has a horizontal tangent line at x = a. f has a vertical tangent line at x = a. Of has a oblique/slanted tangent line at x = a. Of has no tangent line at x = a. f(a + h) − f(a) h lim is finite. h→0 f(a + h) - f(a) lim is infinite. h→0 h f(a + h) - f(a) lim does not exist. h→0 h f'(a) is defined. f'(a) is undefined. If is differentiable at x = a. If is not differentiable at x = a.arrow_forward
- Find the point of diminishing returns (x,y) for the function R(X), where R(x) represents revenue (in thousands of dollars) and x represents the amount spent on advertising (in thousands of dollars). R(x) = 10,000-x3 + 42x² + 700x, 0≤x≤20arrow_forward[3] Use a substitution to rewrite sn(x) as 8n(x) = 1 2π C sin 2n+1 sin f(x+u)du.arrow_forwardDifferentiate the following functions. (a) y(x) = x³+6x² -3x+1 (b) f(x)=5x-3x (c) h(x) = sin(2x2)arrow_forward
- Elementary Linear Algebra (MindTap Course List)AlgebraISBN:9781305658004Author:Ron LarsonPublisher:Cengage Learning
