Video Rentals A video store has determined that every
Chapter , Problem 7.2.69(choose chapter or problem)
Video Rentals A video store has determined that every month 2.5% of its online customers switch from online movie rentals to in-store rentals and 1.4% of its in-store customers switch from in-store rentals to online rentals. At present, 15% of its customers rent movies online and the other 85% rent movies in-store. After n months, the percent of its customers who rent movies online, O, and the percent of its customers who rent movies in-store, S, are given by 30.15 0.854B0.9750.0140.0250.986Rn= 3O S4Use a calculator and the above matrix equation to predict the percent, to the nearest 0.1%, of the customers who will be renting movies online a. 12 months from now b. 24 months from now
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