Mathematics, 20.02.2020 20:03 codycollier
Consumers in Shelbyville have a choice of one of two fast food restaurants, Krusty's and McDonald's. Both have trouble keeping customers. Of those who last went to Krusty's, 62% will go to McDonald's next time, and of those who last went to McDonald's, 80% will go to Krusty's next time.( a) Find the transition matrix describing this situation. [
b) A customer goes out for fast food every Sunday, and just went to Krusty’s (Hint: this means that initially there was a 100% probability of the customer going to Krusty's).
i. What is the probability that two Sundays from now she will go to McDonald’s?
ii. What is the probability that three Sundays from now she will go to McDonald’s?
Answers: 3
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Consumers in Shelbyville have a choice of one of two fast food restaurants, Krusty's and McDonald's....
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