The following data consists of a matrix of transition probabilities (P) of three competing companies, the initial market share state ℼ(1), and the equilibrium probability states. Assume that each state represents a firm (Company 1, Company 2, and Company 3, respectively) and the transition probabilities represent changes from one month to the next. The market share of Company 2 in the next period is a. 0.26 b. 0.283 c. 0.27 d. 0.261

The following data consists of a matrix of transition probabilities (P) of three competing companies, the initial market share state ℼ(1), and the equilibrium probability states. Assume that each state represents a firm (Company 1, Company 2, and Company 3, respectively) and the transition probabilities represent changes from one month to the next. The market share of Company 2 in the next period is a. 0.26 b. 0.283 c. 0.27 d. 0.261

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...

See similar textbooks

Similar questions

Determine if the given stochastic matrix is regular. If it is regular input the smallest exponent which shows the matrix to be regular, otherwise input 0. 0.04 A = 0 0.96
If possible, fill in the missing values to make A a doubly stochastic matrix. (If not possible, enter IMPOSSIBLE.) - [ 0.3 a = b = A = a 0.3 X X
Find the steady-state probability vector for the stochastic matrix P. [0.9 0.3 0.2] P = 0.1 0.6 0.3 0 0.1 0.5 Select one: A. 3 35 3100 13 1353 13 25 25 D.matrix ((17)(5)(1))
Find the steady-state probability vector for the stochastic matrix P. P= O A. O C. 0.5 0.9 0.5 0.1 1 2 1 7|2 9 14 5 14 B. 9 ⁹9 5 D. 5 14 9 14
what is the solution?
Answer all parts of question 3
VaR = 98%
Find a steady-state vector for the stochastic matrix S = .4 .5 .8 0 .5 .1 .6 0 .1
In an office complex of 1000 employees, on any given day some are at work and the rest are absent. It is known that if an employee is at work today, there is an 85% chance that she will be at work tomorrow, and if the employee is absent today, there is a 70% chance that she will be absent tomorrow. Suppose that today there are 740 employees at work. (A graphing calculator is recommended.) (a) Find the transition matrix A for this scenario. at work absent A = (b) Predict the number that will be at work five days from now. (Round your answer to the nearest integer.) employees (c) Find the steady-state vector x. (Round your answer to two decimal places.)
Answer well
Boran Stockbrokers, Inc., selects four stocks for the purpose of developing its own index of stock market behavior. Prices per share for a year 1 base period, January year 3, and March year 3 follow. Base-year quantities are set on the basis of historical volumes for the four stocks. Stock A B C D Jan Mar Stock = = A - B с D Industry Oil Computer Steel Real Estate January Year 1 Quantity 100 150 75 50 Price per Share ($) March Year 1 Base 31.50 65.00 40.00 16.00 Compute the price relatives for the four stocks making up the Boran index. (Round your answers to one decimal place.) Price Relative January Year 3 22.75 49.00 32.00 6.50 March Year 3 22.50 47.50 29.50 Use the weighted average of price relatives to compute the January year 3 and March year 3 Boran indexes. (Round your answers to one decimal place.) I, 2.75
An investor is developing a portfolio of stocks. She has identified 3 stocks in which to invest. She wants to earn at least 11% return but with minimum risk. The average return for the stocks is: Annual Return A Average 10.72% 10.68% 11.87% The covariance matrix for the stocks is: A A 0.00009 -0.00009 -0.00011 -0.00009 0.00032 -0.00007 -0.00011 -0.00007 0.00122 Formulate the NLP for this problem by writing the decision variables, objective function and constraints.