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.
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)
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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