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This information can be encoded into a 2 x 2 matrix, as follows: [0.7 = [0.3 0.2 0.3 0.8 P = (a) Compute the vector P-1 and give a physical interpretation of what this vector represents. 400 600 b) The vector P³ and give a physical interpretation of what this vector represents. 650 An eigenvector for P with eigenvalue λ = 1, and give a physical interpretation of what this vector represents.

This information can be encoded into a 2 x 2 matrix, as follows: [0.7 = [0.3 0.2 0.3 0.8 P = (a) Compute the vector P-1 and give a physical interpretation of what this vector represents. 400 600 b) The vector P³ and give a physical interpretation of what this vector represents. 650 An eigenvector for P with eigenvalue λ = 1, and give a physical interpretation of what this vector represents.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question 1. JoJo Mobile sells data plans for cellphones. They sell Individual Plans as well as Family Plans. Market analysts at JoJo Mobile have noticed that customers tend to switch between the two plans each year. . Among the customers with an individual plan, 30% switch to a family plan the next year. . Among the customers with a family plan, 20% switch to an individual plan in the next year. This information can be encoded into a 2 x 2 matrix, as follows: [0.7 0.2] [0.3 (a) Compute the vector P-¹ (b) The vector P³ 3 740 650 400 600 P = 0.3 0.8 and give a physical interpretation of what this vector represents. and give a physical interpretation of what this vector represents. (c) An eigenvector for P with eigenvalue λ = 1, and give a physical interpretation of what this vector represents. (d) An eigenvector for P with eigenvalue > < 1. Explain why the eigenvector does not have a physical interpretation.
Transcribed Image Text:Question 1. JoJo Mobile sells data plans for cellphones. They sell Individual Plans as well as Family Plans. Market analysts at JoJo Mobile have noticed that customers tend to switch between the two plans each year. . Among the customers with an individual plan, 30% switch to a family plan the next year. . Among the customers with a family plan, 20% switch to an individual plan in the next year. This information can be encoded into a 2 x 2 matrix, as follows: [0.7 0.2] [0.3 (a) Compute the vector P-¹ (b) The vector P³ 3 740 650 400 600 P = 0.3 0.8 and give a physical interpretation of what this vector represents. and give a physical interpretation of what this vector represents. (c) An eigenvector for P with eigenvalue λ = 1, and give a physical interpretation of what this vector represents. (d) An eigenvector for P with eigenvalue > < 1. Explain why the eigenvector does not have a physical interpretation.
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