4. In the city of Panem there are two political parties: the White Rose party and the Red Rose party. Historically, if the the White Rose party wins the election, they have an 80% chance of winning the next election as well. If the Red Rose party wins the election, they have a 60% of re-election. (a) If this year the Red Rose party won the election, then which party will be in power in 3 elections? (b) What were the percentages of popularity after 3 elections for each party? (c) Find the steady state vector for Panem, and give an interpretation of the long term political situation of Panem.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Step by step
Solved in 2 steps
