Some portion of the customers


Two pizza restaurants, Brothers Pizza and Pizza Palace, compete for customers in small village. The typical pizza customer in village purchases pizza from one of these two restaurants once a week. Each and every week some portion of the customers switch from their current pizza restaurant to the competitor. Based on data collected, the probability of a Brothers' customer staying with Brothers for the next week is 70%, and the probability of a Palace customer staying with Palace is 60%. Customers who do not stay with a particular pizza restaurant switch to the other one. Currently, Brothers holds 75% of the pizza market and Palace has the remaining 25% of the customers. What percentage of the pizza market will both hold in 3 weeks?

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Mathematics: Some portion of the customers
Reference No:- TGS0875097

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