Mathematics, 19.04.2021 15:40 carbpotatoes
A city is served by two newspapers, the Star and the Times. Each year the Star loses 30% of its subscribers to the Times and retains 70% of its subscribers. During the same time period, the Times loses 10% of its subscribers to the Star while retaining the other 90%. a) Write down a Markov matrix that describes the transition of subscribers between the twopapers each year. b) Findthe steady state vector for the matrix in (a).c) After many years, approximately what percentage of the subscribers will subscribe to theTimes
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A city is served by two newspapers, the Star and the Times. Each year the Star loses 30% of its subs...
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