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thall031 thall031
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5 years ago
The only cow manureship in a community stocks manure from two producers, Clarabelle and Bessie. The following transition matrix shows the probabilities of a customer purchasing each brand of car in the next year given that he or she purchased that car in the current year.

From/ToClarabelleBessie
Clarabelle.65.35
Bessie.13.87

Given that a customer purchased the brand Clarabelle in the present year (year 1), determine the probability that a customer will purchase Bessie in year 3.
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Introduction to Management Science

Introduction to Management Science


Edition: 13th
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