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?
A driver is traveling along a straight road when a buffalo runs into the street. This driver has a reaction time of 0.75 seconds. When the driver sees the buffalo he is traveling at 44 ft/s, his car can decelerate at 2 ft/s^2 when the brakes are applied. What is the stopping distance between when the driver first saw the buffalo, to when the car stops.
Topic 2
Evaluate S
x
dx, using u-substitution. Then find the integral using
1-x2
trigonometric substitution. Discuss the results!
Topic 3
Explain what an elementary anti-derivative is. Then consider the following
ex
integrals: fed dx
x
1
Sdx
In x
Joseph Liouville proved that the first integral does not have an elementary anti-
derivative Use this fact to prove that the second integral does not have an
elementary anti-derivative. (hint: use an appropriate u-substitution!)
1. Given the vector field F(x, y, z) = -xi, verify the relation
1
V.F(0,0,0) = lim
0+ volume inside Se
ff F• Nds
SE
where SE is the surface enclosing a cube centred at the origin and having edges of length 2€. Then,
determine if the origin is sink or source.
Chapter 9 Solutions
Pearson eText for Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences -- Instant Access (Pearson+)
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