Solved

The Transition Matrix Below Shows the Probabilities That Customer Switch

Question 49

Multiple Choice

The transition matrix below shows the probabilities that customer switch between two grocery stores, Don's and Limmer's, each week.                                 Next Week  This Week  Don’s  Limmer’s  Don’s 0.90.1 Limmer’s 0.20.8\begin{array}{l}~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\text { Next Week }\\\begin{array} { l c c } \text { This Week } & \text { Don's } & \text { Limmer's } \\\hline \text { Don's } & 0.9 & 0.1 \\\text { Limmer's } & 0.2 & 0.8\end{array}\end{array} If a customer shopped at Don's the first week, what is the probability that they are shopping at Limmer's the third week?


A) 0.17
B) 0.34
C) 0.66
D) 0.83
E) none of the above

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents