A car agency has offices in Phoenix, Denver, and Chicago. The agency allows one- or two-way rentals so that cars rented in one location may end up in another. Statistics show that at the end of each week 70% of all rentals are two-way. As for the one-way rentals: from Phoenix, 40% go to Denver, and the rest to Chicago; from Denver, 60% go to Chicago and the rest to Phoenix; from Chicago, 40% go to Denver and the rest to Phoenix; If the agency starts the week with 100 cars in each location, what will the distribution be like in two weeks (two-step transition probability matrix)?
A car agency has offices in Phoenix, Denver, and Chicago. The agency allows one- or two-way rentals so that cars rented in one location may end up in another. Statistics show that at the end of each week 70% of all rentals are two-way. As for the one-way rentals: from Phoenix, 40% go to Denver, and the rest to Chicago; from Denver, 60% go to Chicago and the rest to Phoenix; from Chicago, 40% go to Denver and the rest to Phoenix; If the agency starts the week with 100 cars in each location, what will the distribution be like in two weeks (two-step transition probability matrix)?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A car agency has offices in Phoenix, Denver, and Chicago. The agency allows one- or two-way rentals so that cars rented in one location may end up in another. Statistics show that at the end of each week 70% of all rentals are two-way. As for the one-way rentals: from Phoenix, 40% go to Denver, and the rest to Chicago; from Denver, 60% go to Chicago and the rest to Phoenix; from Chicago, 40% go to Denver and the rest to Phoenix;
If the agency starts the week with 100 cars in each location, what will the distribution be like in two weeks (two-step transition probability matrix)?
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