Concept explainers
Service contracts. A small community has two heating services that offer annual service contracts for home heating: Alpine Heating and Badger Furnaces. Currently,
(A) Draw a transition diagram.
(B) Write the transition matrix.
(C) What percentage of homes will have service contracts with Alpine next year? The year after next?
(D) What percentage of homes will have service contracts with Badger next year? The year after next?
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Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
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