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An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
Edition 13ISBN: 978-1439043271 Exercise 11
In the Heidman's Department Store problem of Section 16.2, suppose that the following transition matrix is appropriate: 
If Heidman's has $4000 in the 0-30-day category and $5000 in the 31-90-day category, what is your estimate of the amount of bad debts the company will experience?
If Heidman's has $4000 in the 0-30-day category and $5000 in the 31-90-day category, what is your estimate of the amount of bad debts the company will experience?
Explanation
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An Introduction to Management Science 13th Edition by David Anderson,Dennis Sweeney ,Thomas Williams ,Jeffrey Camm, Kipp Martin
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