A small town has only two dry cleaners, Fast and Speedy. Fast hopes to increase its market share by conducting an extensive advertising campaign. The initial market share for Fast was 40% and 60% for Speedy. Solve the problem.Use the initial market share as a probability vector, along with the following transition matrix, to find the market share for each firm for the second batch of clothing after the campaign. Round your answer to the nearest percent.FastSpeedy  

A. 49% for Fast and 51% for Speedy
B. 51% for Fast and 49% for Speedy
C. 53% for Fast and 47% for Speedy
D. 47% for Fast and 53% for Speedy


Answer: C

Mathematics

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