A Local Business a Has Two Competitors, B and C

question 70

Multiple Choice

A local business A has two competitors, B and C. No customer patronizes more than one of these businesses at the same time. Initially, the probabilities that a customer patronizes A, B, or C are 0.4, 0.4, and 0.2, respectively. Suppose A initiates an advertising campaign to improve its business and finds the following transition matrix to describe the effect. ​ ​
​
If A runs the advertising campaign for 3 weeks, find the probability that a customer will still patronize business B.
​

• A)0.0640
• B)0.2960
• C)0.1280
• D)0.0960
• E)0.2888

---

Definitions:

Ribbon

A graphical control element in software that organizes command buttons into a series of tabs at the top of the window.

Formatting

The process of applying styles and visual attributes to text and other elements in a document, such as font size, color, and alignment.

Custom Dictionaries

User-defined lists of words added to a spell-checker to customize the checking process for names, technical terms, or other unique words.

Spelling

The manner in which words are spelled; often refers to the checking and correction feature in text-editing programs.