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alekssr [168]
2 years ago
5

A television campaign is conducted during the football season to promote a well-known brand X shaving cream. For each of several

weeks, a survey is made, and it is found that each week, 60% of those using brand X continue to use it and 40% switch to another brand. It is also found that of those not using brand X, 40% switch to brand X while the other 60% continue using another brand. a) Draw a transition diagram. b) Write the transition matrix. c) If 10% of the people are using brand X at the start of the advertising campaign, what percentage will be using it 1 week later?​
Business
1 answer:
ratelena [41]2 years ago
4 0

The transition diagram is given in the attached image. See the definition of a transition diagram below.

<h3>What is a transition diagram?</h3>

A specific type of flowchart used for language analysis is called a transition diagram.

The boxes of the flowchart are represented as circles and are referred to as states in the transition diagram.

<h3>What is the Transition Matrix?</h3>

The transition matrix is given as follows:

\left[\begin{array}{cc}0.6&0.4\\0.4&0.6\end{array}\right]

<h3> If 10% of the people are using brand X at the start of the advertising campaign, what percentage will be using it 1 week later?​</h3>

If 10% of the people are using Brand X, then 90% are not using brand x. thus the initial state matrix is:

S₀ = [ 0.1, 0.9]. Thus one week later, the state matrix is:

S₁ = S₀P =  [0.1, 0.9]   *   \left[\begin{array}{cc}0.6&0.4\\0.4&0.6\end{array}\right]  

c11 = 0.1 x 0.6 + 0.9 x 0.6 = 0.6

c12 = 0.1 x 0.4 + 0.9 x 0.4 = 0.4

Hence

S₁  = [0.6, 0.4]

This means that the  percentage that will be using it 1 week later is:
0.38 = 38%

Learn more about Transition Diagrams at:
brainly.com/question/13263832
#SPJ1

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valentina_108 [34]

Answer:

a. are efficient, but long lines are inefficient

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A rationing mechanism is a system in which who gets how many goods during a shortage is carefully chosen, in order to do these long lines are used even though they are inefficient.

I hope you find this information useful and interesting! Good luck!

4 0
2 years ago
Suppose you hold a particular investment for 7 months. You calculate that your holding period return is 8.4 percent. What is you
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Answer:

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Explanation:

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It is wrong to simply calculate annualized return as 8,4%*12/7,which means one is taking the interest to annual interest by proportional method,as this gives 14.40%, in investment every basis point counts.

The difference between the two figures is 0.42% which could translate into millions depending on the amount invested as well as the duration of investment

6 0
3 years ago
last year minden company introduced a new product and sold 15,000 units of it at a price of $70 per unit. the product's variable
Inga [223]

A company is a legal entity formed by a group of individuals to engage in and operate a business commercial or industrial enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.

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5 0
1 year ago
What are the effects of using leverage on cash flows?
OleMash [197]

The effects of leverage
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2 years ago
Which of the following statements help to explain why, in the real world, the Fed cannot precisely control the money supply?
Rainbow [258]

Answer:

The correct answer is option a and c.

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The fed cannot control the money supply up to a great extent in the real world. This is because the feds can control the amount of required reserves that a commercial bank holds. But they cannot control the amount of excess reserves that a bank decides to hold which affects the money supply.

At the same time, the feds cannot control the amount of money that the households decide to hold as currency which also affects the money supply.

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