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

question 51

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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Definitions:

Array

A data structure that stores a collection of elements, typically of the same data type, indexed by contiguous integers.

10 X 10

Often connotes a grid or matrix having 10 rows and 10 columns, commonly used in contexts like game design or data representation.

Multidimensional Array

An array that contains one or more arrays, allowing representation of data in a matrix or grid format.

Doubles

A data type in programming that represents floating-point numbers with double precision, allowing for more accurate representations of large or small numbers.