A City Is Served by Three Cable TV Companies: Xcellent

A city is served by three cable TV companies: Xcellent Cable,Your Cable,and Zephyr Cable.A survey of 1000 cable subscribers shows this breakdown of customers from the beginning to the end of August. $$\begin{array} { c | c c c } \text { Company on } & { \text { Company on August 31 } } \\\text { August 1 } & \text { Xcellent } & \text { Your } & \text { Zephyr } \\\hline \text { Xcellent } & 300 & 50 & 50 \\\text { Your } & 10 & 200 & 40 \\\text { Zephyr } & 40 & 80 & 230\end{array}$$
a.Construct the transition matrix.
b.What was each company's share of the market at the beginning and the end of the month?
c.If the current trend continues what will the market shares be?

Correct Answer:

Verified

a.P = b.Market shares Aug 1 X...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

View Full Answer For Free