Essay
There is a 30% chance that any current client of company A will switch to company B this year.There is a 40% chance that any client of company B will switch to company A this year.If these probabilities are stable over the years, and if company A has 500 clients and company B has 300 clients,
(a)How many clients will each company have next year?
(b)How many clients will each company have in two years?
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(a)Company A will have 470; Co...View Answer
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