Find the state vector that represents the manager's estimate X0 = [        ,      ]

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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The manager estimates that the volume is five times as likely to be high as to be low this week.

Assume that state 1 is high volume and that state 2 is low volume.

p =

0.8 0.2
0.4 0.6

 

Find the state vector that represents the manager's estimate

X0 = [        ,      ]
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