A car rental company has two locations. Each week, 80% of the cars rented at location A are returned to location A and the rest location B. Of the cars rented at location B, 30% are returned to location B by the end of the week and the rest to location A. a. Make a transition diagram for this process. b. Write the transition matrix T for this process. c If 50% of the company's cars start this week at location A, and 50% at location B, find the proportion of cars that will be at each location one week later Label your answers. d. Write and solve a system of equations to find the stable distribution (correct to 3 decimal places) for this Markov process. Show all calculations and label the tow onerations

A car rental company has two locations. Each week, 80% of the cars rented at location A are returned to location A and the rest location B. Of the cars rented at location B, 30% are returned to location B by the end of the week and the rest to location A. a. Make a transition diagram for this process. b. Write the transition matrix T for this process. c If 50% of the company's cars start this week at location A, and 50% at location B, find the proportion of cars that will be at each location one week later Label your answers. d. Write and solve a system of equations to find the stable distribution (correct to 3 decimal places) for this Markov process. Show all calculations and label the tow onerations

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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