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?
(a) Company A will have 470; Company B will have 330.
(b) Company A will have 461; Company B will have 339.
Business
You might also like to view...
________ are major purchases and are usually bought directly from the producer with the typical sale preceded by long negotiation periods
A) Raw materials B) Materials and parts C) Processed materials D) Capital goods E) Installations
Business
The boys in my class got ________ into a heap of trouble
A) theirself B) theirselves C) themself D) themselves
Business