After a Year,what Will the Market Share for Each of the Three

question 21

Essay

After a year,what will the market share for each of the three companies be? Assume = 0.10, = 0.15,and = 0.20.(Hint: Use the RISKBINOMIAL function to model how many people switch from A,then how many switch from A to B and from A to C.)

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Definitions:

Bodily-kinesthetic

Intelligence that pertains to the ability to control physical motion and handle objects skillfully, as posited by Howard Gardner's theory of multiple intelligences.

Interpersonal

Concerning or involving relationships between people, especially regarding communication and emotional interaction.

Naturalist

An individual dedicated to studying nature and the patterns of life, focusing on plants, animals, and ecosystems.

Musical

Pertaining to music; often used to describe a form of theatre that combines music, songs, spoken dialogue, and dance.