- #1
IrinaK.
- 33
- 0
Homework Statement
Hello!
Please, take a look at the problem described in the attached file.
The question is: Explain why the transition matrix does what we want it to do.
Homework Equations
The Attempt at a Solution
(sorry, I don't know yet how to type formulas)
I don't quite understand this transition matrix.
0.90 0.20
0.10 0.80
I assume that the first column refers to Tribune readers and second one to Picayune readers.
Then the fist row should refer to those who are loyal to T and P, respectively; and second row - to those who would like to switch.
But textbook option suggests a different view.
Please, help me to understand this matrix.
Thank you!