#1 A particular region is served by three pre-paid mobile providers: T-Portable, Horizon, and NT&T. In the current quart

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1 A Particular Region Is Served By Three Pre Paid Mobile Providers T Portable Horizon And Nt T In The Current Quart 1 (57.19 KiB) Viewed 34 times

#1 A particular region is served by three pre-paid mobile providers: T-Portable, Horizon, and NT&T. In the current quarter, 41% of customers had plans with T-Portable, 33% had plans with Horizon, and 26% had plans with NT&T. Based on market research, the consumer provider-switching behavior can be characterized by the transition probability matrix [0.75 0.12 0.13] P = 0.11 0.72 0.17 [0.14 0.20 0.66 where rows 1, 2, and 3 represent the state in quarter i for T-Portable, Horizon, and NT&T, respectively, and the columns in the same order represent the state in quarter i +1. Determine the predicted market shares for the three providers in the next quarter. (Round your answers to three decimal places.) 9