A market research study of shoppers showed that the buying preferences for the three olive oils, Carmani (
The initial state matrix
Let
- How many of these 8000 shoppers bought a different brand of olive oil in August 2021 from the brand bought in July 2021? (1 mark)
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- Using the rule
, complete the matrix below. (1 mark)
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- Consider the shoppers who were expected to buy Carmani olive oil in August 2021.
- What percentage of these shoppers also bought Carmani olive oil in July 2021?
- Round your answer to the nearest percentage. (1 mark)
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- Write a calculation that shows Ohana olive oil is the brand bought by 50% of these shoppers in the long run. (1 mark)
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- Further research suggests more shoppers will buy olive oil in the coming months.
- A rule to model this situation is
, where represents the state matrix describing the number of shoppers months after July 2021.
represents the extra number of shoppers expected to buy Ohana olive oil each month.- If
, what is the value of ? (1 mark)
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