In a study of the domestic market share of the three major automobile manufacturers , , and in a certain country, it was found that of the customers who bought a car manufactured by , 70% would again buy a car manufactured by , 10% would buy a car manufactured by , and 20% would buy a car manufactured by . Of the customers who bought a car manufactured by , 80% would again buy a car manufactured by , whereas 10% each would buy cars manufactured by and , respectively. Finally, of the customers who bought a car manufactured by , 75% would again buy a car manufactured by , 5% would buy a car manufactured by , and 20% would buy a car manufactured by . Assuming that these sentiments reflect the buying habits of customers in the future model years, determine the market share that will be held by each manufacturer in the long run.
A) 44.8% manufactured by , 34)5% manufactured by , 20)7% manufactured by
B) 20.7% manufactured by , 34)5% manufactured by , 44)8% manufactured by
C) 34.5% manufactured by , 44)8% manufactured by , 20)7% manufactured by
D) 20.7% manufactured by , 44)8% manufactured by , 34)5% manufactured by
E) 44.8% manufactured by , 20)7% manufactured by , 34)5% manufactured by

Question

In a study of the domestic market share of the three major automobile manufacturers  ,  , and  in a certain country, it was found that of the customers who bought a car manufactured by  , 70% would again buy a car manufactured by  , 10% would buy a car manufactured by  , and 20% would buy a car manufactured by  . Of the customers who bought a car manufactured by  , 80% would again buy a car manufactured by  , whereas 10% each would buy cars manufactured by  and  , respectively. Finally, of the customers who bought a car manufactured by  , 75% would again buy a car manufactured by  , 5% would buy a car manufactured by  , and 20% would buy a car manufactured by  . Assuming that these sentiments reflect the buying habits of customers in the future model years, determine the market share that will be held by each manufacturer in the long run. ​
A) 44.8% manufactured by , 34)5% manufactured by , 20)7% manufactured by 
B) 20.7% manufactured by , 34)5% manufactured by , 44)8% manufactured by 
C) 34.5% manufactured by , 44)8% manufactured by , 20)7% manufactured by 
D) 20.7% manufactured by , 44)8% manufactured by , 34)5% manufactured by 
E) 44.8% manufactured by , 20)7% manufactured by , 34)5% manufactured by

Quizplus · Accepted Answer

The Answer of In a study of the domestic market share of the three major automobile manufacturers  ,  , and  in a certain country, it was found that of the customers who bought a car manufactured by  , 70% would again buy a car manufactured by  , 10% would buy a car manufactured by  , and 20% would buy a car manufactured by  . Of the customers who bought a car manufactured by  , 80% would again buy a car manufactured by  , whereas 10% each would buy cars manufactured by  and  , respectively. Finally, of the customers who bought a car manufactured by  , 75% would again buy a car manufactured by  , 5% would buy a car manufactured by  , and 20% would buy a car manufactured by  . Assuming that these sentiments reflect the buying habits of customers in the future model years, determine the market share that will be held by each manufacturer in the long run. ​
A) 44.8% manufactured by , 34)5% manufactured by , 20)7% manufactured by 
B) 20.7% manufactured by , 34)5% manufactured by , 44)8% manufactured by 
C) 34.5% manufactured by , 44)8% manufactured by , 20)7% manufactured by 
D) 20.7% manufactured by , 44)8% manufactured by , 34)5% manufactured by 
E) 44.8% manufactured by , 20)7% manufactured by , 34)5% manufactured by

In a Study of the Domestic Market Share of the Three