Use an inverse matrix to find the solution to the system.
-Two phone companies compete for customers in a city. Company 1 retains of its customers and loses of its customers to Company 2. Company 2 retains of its customers and loses to Company 1 . If we represent the fraction of the market held last year by , where is the number the that Company 1 had last year and is number that Company 2 had last year, then the number that each company will have this year can be found by tl following matrix equation.
If Company 1 has customers and Company 2 has customers this year, then how many customers did Company 2 have last year?
A) 162,000 customers
B) 76,000 customers
C) 72,000 customers
D) 168,000 customers
Correct Answer:
Verified
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