Market share. Consumers can choose between three long distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in a continual shift of customers among the three services. Each year. GTT loses 5 % of its customers to NCJ and 20 % to Dash. NCJ loses 15 % of its customers to GTT and 10 % to Dash, and Dash loses 5 % 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?
Market share. Consumers can choose between three long distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in a continual shift of customers among the three services. Each year. GTT loses 5 % of its customers to NCJ and 20 % to Dash. NCJ loses 15 % of its customers to GTT and 10 % to Dash, and Dash loses 5 % 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?
Solution Summary: The author calculates the percentages of three long distance telephone company’s expected market share in long run, when the three companies are GTT,
Market share. Consumers can choose between three long distance telephone services: GTT, NCJ, and Dash. Aggressive marketing by all three companies results in a continual shift of customers among the three services. Each year. GTT loses
5
%
of its customers to NCJ and
20
%
to Dash. NCJ loses
15
%
of its customers to GTT and
10
%
to Dash, and Dash loses
5
%
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?
Find the bisector of the angle <ABC in the Poincaré plane, where A=(0,5), B=(0,3) and C=(2,\sqrt{21})
The masses measured on a population of 100 animals were grouped in the
following table, after being recorded to the nearest gram
Mass
89 90-109 110-129 130-149 150-169 170-189 > 190
Frequency 3
7 34
43
10
2
1
You are given that the sample mean of the data is 131.5 and the sample
standard deviation is 20.0. Test the hypothesis that the distribution of masses
follows a normal distribution at the 5% significance level.
Let l=2L\sqrt{5} and P=(1,2) in the Poincaré plane. Find the uniqe line l' through P such that l' is orthogonal to l
Chapter 9 Solutions
Pearson eText for Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences -- Instant Access (Pearson+)
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