Markov model: d = 33% (success) f = 19% (non-success) 1. Assuming previous success [1 0], what is the probability of having a successful year? 2. What is the probability of having two successful years?

Markov model: d = 33% (success) f = 19% (non-success) 1. Assuming previous success [1 0], what is the probability of having a successful year? 2. What is the probability of having two successful years?

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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Question

Markov model:

d = 33% (success)

f = 19% (non-success)

1. Assuming previous success [1 0], what is the probability of having a successful year?

2. What is the probability of having two successful years?

d
1-d
[0.33
1₁²ƒ ¹79) = 10:31
[1 - f
f
0.671
0.191

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