There Is a 30% Chance That Any Current Client of Company

question 48

Short Answer

There is a 30% chance that any current client of company A will switch to company B this year.There is a 20% 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 1000 clients and company B has 1000 clients, in the long run (assuming the probabilities do not change), what will the market shares be?

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Definitions:

Collecting Duct

Part of the nephron in the kidney that is responsible for the concentration of urine and the reabsorption of water into the bloodstream.

Malpighian Tubules

Excretory structures found in some insects that remove waste products from the body and maintain osmotic balance.

Urinary System

The body system in vertebrates that consists of the kidneys, urinary bladder, and associated ducts.

Ureter

A tube that carries urine from the kidneys to the bladder.