Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Mar 2018 My Price 3.00

Markov chain model

Market research suggests that in a five year period 8 % of people with cable television will get rid of it, and 26 % of those without it will sign up for it. Compare the predictions of the Markov chain model with the following data on the fraction of people with cable TV: 56.4 % in 1990, 63.4 % in 1995, and 68.0 % in 2000. What is the long run fraction of people with cable TV?

 

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Maurice Tutor
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Status NEW Posted 21 Mar 2018 06:03 AM My Price 3.00

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