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08-12-2022
Mathematics

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wb and za are two competing grocery stores in a particular region. the probability that a customer who shops this week at wb will shop again at wb next week is 64% whereas the probability that a za customer will shop next week at za is 76%. what is the long -term market share of za? hint: you need to set up and solve the equation for the steady state probabilities write your answer as a decimal point (not as a percent)

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