Mathematics, 05.11.2020 19:10, angellv917

Market research suggests that in a five year period 8% of people with cable television will get rid of it, and 26% of those without it will sign up for it. Compare the predictions of the Markov chain model with the following data on the fraction of people with cable TV: 56.4% in 1990, 63.4% in 1995, and 68.0% in 2000. What is the long run fraction of people with cable TV?

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Market research suggests that in a five year period 8% of people with cable television will get rid...