(Absorbing Markov Chain) An insurance company wants to make sure they have sufficientresources to cover patient services for a particular illness. The insurance company makes threehealth condition categories for patients with this illness: Died (1), Poor (2), Good (3). Theinsurance company has learned that the transition matrix for a one week cycle is:1231231000.080.8 0.120.02 0.02 0.96]estin Using the Fundamental Matrix, find the number of cycles a patient initially in good condition isexpected to be in good condition before dying.

To find the expected number of cycles a patient initially in good condition is expected to be in…

Answered: s learned that the transition matrix…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

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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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Activity 1. ( Do It Yourself) Get a die. Roll it 50 times. Record the result of your experiment in a table. The first table is for rolling a die once in 50 times, the second table is for rolling a die twice in 50 times, and the 3rd table is for rolling a die thrice in 50 times.Show the result of your experiment to your teacher. 1" roll 2 roll 3 roll Mezm T"roll 2roll ean 1* roll 1 1 1 2 3 3 4 4 4 5 6 6. 7 10 10 10 50 50 50 On a separate sheet of paper, 1. Make a histogram of the distribution of rolling a die once in 50 times. Whst can you say about the resulting histogram? Answer: 2. Make a histogram of the means of rolling a die twice in 50 times and rolling a die thrice in 50 times. Answer: 3. What can you say about the three histograms? Draw out s conclusion out of the three histograms. Answer:

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s learned that the transition matrix for a one week 123 10101 197 1 3 1 0 0 0.08 0.8 0.12 L0.02 0.02 0.96] 2