Question

9) In a city only two brands of a cola are sold - Royal and nice. For a
buyer buying Royal last time, there is 0.75 chances that he will buy
the same next time. For a buyer of Nice, the chance that he buys
Royal next time is 0.4.
i Develop the transition matrix
ii. Find the probability that a customer purchasing
Royal today, shall buy Nice in the next-to-next
purchase
i Find the probability that three purchases from now,
a customer shall buy Royal given that the present
market share is Royal (60%), Nice (40%)​

Answer 1

Answer:

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