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in a community of 100,000 adults, subscribers to a concert series tend to renew their subscription with a probability 90% and persons not subscribing will subscribe for the next season with probability 0.2%. If the present number of subscribers is 1200, can one predict an increase or decrease or stability over each of the next three seasons?
This is in the matrix section so I am assuming we have to use one but have no idea what they want?!
This is in the matrix section so I am assuming we have to use one but have no idea what they want?!