Probability of 0.2 that the lion will stay in R2 when it is in R2; Probability of 0.3 that the lion will move from R3 to R2; Probability of 0.3 that the lion will move from R1 to R3; Probability of 0.4 that the lion will move from R2 to R3; and Probability of 0.1 that the lion will stay in R3 when it is in R3. (a) Build the "boxes" and then build the Probability transition matrix. (b) If the lions are initially tracked in R2, where will they be after a month? (c) Where will the lions be after 6 months? Use an online calculator to find the matrix P. Show the remainder of your work. (d) Long term show where the lions are likely to hunt. Table 1: Input required per Dollar Output Manufacturing Agriculture Utilities $0.10 Manufacturing Agriculture Utilities $0.50 $0.10 $0.20 $0.50 $0.30 $0.10 $0.30 $0.40 Suppose the open sector has a demand for $7900 worth of manufacturing, $3930 worth of agricultural products, and $1975 worth of utilities. (a) Can the economy meet this demand? You MUST use the inverse to solve this equation for marks. (b) If it can, find a production vector, i that will meet it exactly.

A First Course in Probability (10th Edition)
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8. A pride of lions can migrate over three distinct game reserves (either R1, R2, or R3)
in search of food. Based on data about food resources, researchers conclude that
monthly migration patterns of the lions can be modeled by a Markov chain with the
following data:
Probability of 0.5 that the lion will stay in R1 when it is in R1;
Probability of 0.4 that the lion will move from R2 to R1;
Probability of 0.6 that the lion will move from R3 to R1;
Probability of 0.2 that the lion will move from R1 to R2;
Probability of 0.2 that the lion will stay in R2 when it is in R2;
Probability of 0.3 that the lion will move from R3 to R2;
Probability of 0.3 that the lion will move from R1 to R3;
Probability of 0.4 that the lion will move from R2 to R3; and
Probability of 0.1 that the lion will stay in R3 when it is in R3.
(a) Build the "boxes" and then build the Probability transition matrix.
(b) If the lions are initially tracked in R2, where will they be after a month?
(c) Where will the lions be after 6 months? Use an online calculator to find the
matrix p6. Show the remainder of your work.
(d) Long term show where the lions are likely to hunt.
Table 1: Input required per Dollar Output
Manufacturing Agriculture Utilities
$0.10
Manufacturing
Agriculture
Utilities
$0.50
$0.10
$0.20
$0.50
$0.30
$0.10
$0.30
$0.40
Suppose the open sector has a demand for $7900 worth of manufacturing, $3950
worth of agricultural products, and $1975 worth of utilities.
(a) Can the economy meet this demand? You MUST use the inverse to solve this
equation for marks.
(b) If it can, find a production vector, i that will meet it exactly.
Transcribed Image Text:8. A pride of lions can migrate over three distinct game reserves (either R1, R2, or R3) in search of food. Based on data about food resources, researchers conclude that monthly migration patterns of the lions can be modeled by a Markov chain with the following data: Probability of 0.5 that the lion will stay in R1 when it is in R1; Probability of 0.4 that the lion will move from R2 to R1; Probability of 0.6 that the lion will move from R3 to R1; Probability of 0.2 that the lion will move from R1 to R2; Probability of 0.2 that the lion will stay in R2 when it is in R2; Probability of 0.3 that the lion will move from R3 to R2; Probability of 0.3 that the lion will move from R1 to R3; Probability of 0.4 that the lion will move from R2 to R3; and Probability of 0.1 that the lion will stay in R3 when it is in R3. (a) Build the "boxes" and then build the Probability transition matrix. (b) If the lions are initially tracked in R2, where will they be after a month? (c) Where will the lions be after 6 months? Use an online calculator to find the matrix p6. Show the remainder of your work. (d) Long term show where the lions are likely to hunt. Table 1: Input required per Dollar Output Manufacturing Agriculture Utilities $0.10 Manufacturing Agriculture Utilities $0.50 $0.10 $0.20 $0.50 $0.30 $0.10 $0.30 $0.40 Suppose the open sector has a demand for $7900 worth of manufacturing, $3950 worth of agricultural products, and $1975 worth of utilities. (a) Can the economy meet this demand? You MUST use the inverse to solve this equation for marks. (b) If it can, find a production vector, i that will meet it exactly.
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