× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business
New Topic  
Petro279 Petro279
wrote...
solved
Posts: 293
Rep: 0 0
5 years ago
The transition matrix below shows the probabilities that customer switch between two grocery stores, Don's and Limmer's, each week.




Limmer's is going to launch a new advertising campaign in order to attract new customers. The "before" and "after" transition matrices are shown below:



If there are 1000 customers who shop at these two stores, how many customers, over the long run, will switch to Limmer's as a result of the new campaign?
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
Author:
Read 67 times
1 Reply

Related Topics

Replies
wrote...
#1
5 years ago
Before: 0.333 × 2000 = 667, After: 0.43 × 2000 = 860, representing an increase of 193 people.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1243 People Browsing
 124 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 325
  
 504
  
 258
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: Should Ph.D.'s be addressed as doctors?