Weeks.tut. Notepad Ele Edit gut View the Exerc Not Working Not Working Working Not Working (0.20) (0.80) 0.5, 0.5) I The

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Weeks Tut Notepad Ele Edit Gut View The Exerc Not Working Not Working Working Not Working 0 20 0 80 0 5 0 5 I The 1 (39.55 KiB) Viewed 108 times

Exercise2

Weeks Tut Notepad Ele Edit Gut View The Exerc Not Working Not Working Working Not Working 0 20 0 80 0 5 0 5 I The 2 (51.1 KiB) Viewed 108 times

Weeks Tut Notepad Ele Edit Gut View The Exerc Not Working Not Working Working Not Working 0 20 0 80 0 5 0 5 I The 3 (31.15 KiB) Viewed 108 times

Weeks.tut. Notepad Ele Edit gut View the Exerc Not Working Not Working Working Not Working (0.20) (0.80) 0.5, 0.5) I The cop Today = Period (0) Vector = ( Probability Vector for Period (2) If it was @ Equilibrium State If it was 1) What is the probability that it will be working 2 days from now? 2) Find Steady-State Probabilities Given that the current state (period 0) probability is 0.5 chance that the copy machine is working properly

Exercise - 02 Suppose that, as part of a market research study, we collect data from 100 shoppers over a 10-week period. In reviewing the data, suppose that we find that of all customers who shopped at M-Store in a given week, 80% shopped at M Store the following week while 20% switched to A-Store. Suppose that similar data for the customers who shopped at A-Store in a given week show that 75% shopped at A-Store the following week while 25% switched to M-Store. 1) Find Market Share at period 2 2) Find Steady-State Probabilities Given that the current state (period 0) the market share between M-Store and A-Store is 8:2

Eile Edit Format View Help Exercise 2 Vector ( M-Store , A-Store) Period(0) = ( 0.8 ,0.2) Next Week This Week PM-Store I M-Store 1 A-Store A-Store M-Store (0.80) A-Store (0.20 ) A-Store (0.75) M-Store (0.25) 1) Vector @Period(2) 2) Steady-State Probabilities @ Equilibrium Point