A Market Survey Shows That One Third of the Owners $\frac { 3 } { 13 }$

question 256

Multiple Choice

A market survey shows that one third of the owners of Sorey State Boogie Boards became disenchanted with the product and switched to C&T Super Professional Boards the next surf season, while the other remained loyal to Sorey State. On the other hand, four fifths of the C&T Boogie Board users remained loyal to C&T, while the rest switched to Sorey State. Set these data up as a Markov transition matrix, and calculate the probability that a Sorey State Board user will be using the same brand two seasons later.
Take 1 = Sorey State, 2 = C&T.

• A)The probability is \(\frac { 3 } { 13 }\) .
• B) The probability is \(\frac { 11 } { 45 }\) .
• C) The probability is \(\frac { 23 } { 45 }\) .
• D) The probability is \(\frac { 29 } { 45 }\) .
• E) The probability is \(\frac { 16 } { 45 }\) .

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