Finite Mathematics (11th Edition)
11th Edition
ISBN: 9780321979438
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 10, Problem 47RE
To determine
The distribution after three-month period.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
please help me get through this question. i need the answer. thank you
HW13.6. Weighted Adjacency Matrix
0.40
3
0.42
0
0.60
0.58
0.14
2
1.0
1
0.86
For the given graph, what is the corresponding transition matrix?
A
Suppose that we are looking at the behaviour of two stocks listed on the New York Stock Exchange Stock
and Stock B to observe whether over a given interval, the prices of the stocks increased, decreased, or
stayed the same. The information is given in the following table.
Stock A
Stock B
No
Increase
Decrease
Change
A1
A2
АЗ
Increase B1 0.11
0.01
0.03
No
B2 0.21
0.15
0.04
Change
Decrease B3 0.18
0.12
0.15
Find the probability that the price of stock A will not decrease, given
that the price of stock B increases.
Answer:
Chapter 10 Solutions
Finite Mathematics (11th Edition)
Ch. 10.1 -
Decide whether each matrix could be a...Ch. 10.1 - Decide whether each matrix could be a probability...Ch. 10.1 - Prob. 3ECh. 10.1 - Prob. 4ECh. 10.1 - Decide whether each matrix could be a probability...Ch. 10.1 -
Decide whether each matrix could be a...Ch. 10.1 - Prob. 7ECh. 10.1 - Prob. 8ECh. 10.1 - Decide whether each matrix could be a transition...Ch. 10.1 -
Decide whether each matrix could be a...
Ch. 10.1 - Prob. 11ECh. 10.1 - Prob. 12ECh. 10.1 - Prob. 13ECh. 10.1 - Prob. 14ECh. 10.1 - In Exercises and 16, write each transition diagram...Ch. 10.1 - Prob. 16ECh. 10.1 - Prob. 17ECh. 10.1 - Prob. 18ECh. 10.1 - Prob. 19ECh. 10.1 -
Find the first three powers of each transition...Ch. 10.1 - Prob. 21ECh. 10.1 - Prob. 22ECh. 10.1 - Prob. 23ECh. 10.1 - Prob. 24ECh. 10.1 - Prob. 25ECh. 10.1 - Prob. 26ECh. 10.1 - Prob. 27ECh. 10.1 - Insurance An insurance company classifies its...Ch. 10.1 -
Insurance The difficulty with the mathematical...Ch. 10.1 - Prob. 30ECh. 10.1 - Prob. 31ECh. 10.1 -
32. Land Use In one state, a Board of Realtors...Ch. 10.1 - Business The change in the size of businesses in a...Ch. 10.1 - Prob. 34ECh. 10.1 - Prob. 35ECh. 10.1 - Housing Patterns In a survey investigating changes...Ch. 10.1 - Migration A study found that the way people living...Ch. 10.1 - Prob. 38ECh. 10.1 - Prob. 39ECh. 10.2 -
Which of the following transition matrices are...Ch. 10.2 -
Which of the following transition matrices are...Ch. 10.2 -
Which of the following transition matrices are...Ch. 10.2 - Prob. 4ECh. 10.2 - Prob. 5ECh. 10.2 - Prob. 6ECh. 10.2 - Prob. 7ECh. 10.2 - Prob. 8ECh. 10.2 - Prob. 9ECh. 10.2 - Prob. 10ECh. 10.2 -
Find the equilibrium vector for each transition...Ch. 10.2 - Prob. 12ECh. 10.2 - Prob. 13ECh. 10.2 - Prob. 14ECh. 10.2 - Find the equilibrium vector for each transition...Ch. 10.2 - Prob. 16ECh. 10.2 -
Find the equilibrium vector for each...Ch. 10.2 - Prob. 18ECh. 10.2 - Prob. 19ECh. 10.2 - Prob. 20ECh. 10.2 - Prob. 21ECh. 10.2 - Prob. 22ECh. 10.2 - Prob. 23ECh. 10.2 - Prob. 24ECh. 10.2 - Business and Economics Quality Control The...Ch. 10.2 -
26. Quality Control Suppose improvements are made...Ch. 10.2 - (a) Dry Cleaning Using the initial probability...Ch. 10.2 - Mortgage Refinancing In 2009, many homeowners...Ch. 10.2 - Prob. 29ECh. 10.2 - Prob. 30ECh. 10.2 - Prob. 31ECh. 10.2 - Prob. 32ECh. 10.2 - Prob. 33ECh. 10.2 - Prob. 34ECh. 10.2 - Migration As we saw in the last section, a study...Ch. 10.2 -
36. Criminology A study male criminals in...Ch. 10.2 - Prob. 37ECh. 10.2 - Prob. 38ECh. 10.2 - Prob. 39ECh. 10.2 - Prob. 40ECh. 10.2 - Prob. 41ECh. 10.2 -
42. Language One of Markov's own applications...Ch. 10.2 - Prob. 43ECh. 10.2 - Prob. 44ECh. 10.3 - Find all absorbing states for each transition...Ch. 10.3 - Find all absorbing states for each transition...Ch. 10.3 -
Find all absorbing states for each transition...Ch. 10.3 - Find all absorbing states for each transition...Ch. 10.3 -
Find all absorbing states for each transition...Ch. 10.3 - Find all absorbing states for each transition...Ch. 10.3 - Prob. 7ECh. 10.3 - Prob. 8ECh. 10.3 -
Find the fundamental matrix F for the absorbing...Ch. 10.3 - Prob. 10ECh. 10.3 -
Find the fundamental matrix F for the absorbing...Ch. 10.3 - Find the fundamental matrix F for the absorbing...Ch. 10.3 - Prob. 13ECh. 10.3 - Prob. 14ECh. 10.3 - (a) Write a transition matrix for a gambler's ruin...Ch. 10.3 - Prob. 16ECh. 10.3 - Prob. 17ECh. 10.3 - Prob. 18ECh. 10.3 - Prob. 19ECh. 10.3 -
20. How can we calculate the expected total...Ch. 10.3 - Prob. 21ECh. 10.3 - Prob. 22ECh. 10.3 -
Business and Economics
23. Solar Energy In...Ch. 10.3 -
24. Company Training Program A company with a...Ch. 10.3 - Contagion Under certain conditions, the...Ch. 10.3 - 26. Medical Prognosis A study using Markov chains...Ch. 10.3 - Prob. 27ECh. 10.3 - Prob. 28ECh. 10.3 - Prob. 29ECh. 10.3 - Prob. 30ECh. 10.3 - Gambler's Ruin (a) Write a transition matrix tor a...Ch. 10.3 -
32. Tennis Consider a game of tennis when each...Ch. 10.3 - Professional Football In Exercise 40 of the first....Ch. 10 -
1. If a teacher is currently ill, what is the...Ch. 10 - Prob. 2EACh. 10 - Prob. 3EACh. 10 - Prob. 4EACh. 10 - Prob. 5EACh. 10 - Prob. 6EACh. 10 - Prob. 7EACh. 10 - Prob. 1RECh. 10 - Prob. 2RECh. 10 - Prob. 3RECh. 10 - Prob. 4RECh. 10 - Prob. 5RECh. 10 - Prob. 6RECh. 10 - Prob. 7RECh. 10 - Prob. 8RECh. 10 - Prob. 9RECh. 10 - Prob. 10RECh. 10 - Prob. 11RECh. 10 - Prob. 12RECh. 10 - Prob. 13RECh. 10 - Prob. 14RECh. 10 - Prob. 15RECh. 10 - Prob. 16RECh. 10 - Prob. 17RECh. 10 - Prob. 18RECh. 10 - Prob. 19RECh. 10 - Prob. 20RECh. 10 - Prob. 21RECh. 10 - Prob. 22RECh. 10 - Prob. 23RECh. 10 - Prob. 24RECh. 10 - Prob. 25RECh. 10 - In Exercises 23-26, use the transition matrix P,...Ch. 10 - Prob. 27RECh. 10 - Prob. 28RECh. 10 - Prob. 29RECh. 10 - Decide whether each transition matrix is regular....Ch. 10 - Prob. 31RECh. 10 - Prob. 32RECh. 10 - Prob. 33RECh. 10 - Prob. 34RECh. 10 - Prob. 35RECh. 10 - Find all absorbing states for each matrix. Which...Ch. 10 - Prob. 37RECh. 10 - Prob. 38RECh. 10 - Prob. 39RECh. 10 - Prob. 40RECh. 10 - Prob. 41RECh. 10 - Prob. 42RECh. 10 - Prob. 43RECh. 10 - Prob. 44RECh. 10 - Prob. 45RECh. 10 - Prob. 46RECh. 10 - Prob. 47RECh. 10 - Prob. 48RECh. 10 -
Life Sciences
49. Medical Prognosis A study...Ch. 10 - Prob. 50RECh. 10 - Prob. 51RECh. 10 - Prob. 52RECh. 10 - Prob. 53RECh. 10 - Prob. 54RECh. 10 - Prob. 55RECh. 10 - Prob. 56RECh. 10 - Prob. 57RECh. 10 - Prob. 58RECh. 10 - Prob. 59RECh. 10 - Prob. 60RECh. 10 - Prob. 61RECh. 10 - Prob. 62RECh. 10 - Prob. 63RECh. 10 - Prob. 64RECh. 10 - Prob. 65RECh. 10 - Prob. 66RECh. 10 - Prob. 67RECh. 10 - Prob. 68RECh. 10 -
69. Gambling Suppose a casino offers a gambling...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- For this item, complete the choice matrix by clicking the appropriate answer in each row. The table shows the results from a random survey asking participants their age and current systolic blood pressure. Age (years) Systolic Blood 24 26 30 34 36 45 50 55 108 104 132 119 128 140 135 146 Pressure If a student correctly makes a scatter plot of the data from the survey, determine whether each statement is true or false. True False There are no outliers in the data. There is a positive association in the data. There is a nonlinear association in the data. A Calculator Chp esc % 3. W earrow_forwarddepending The owner of a chain of mini-markets wants to compare the sales performance of two of her stores, Store 1 and Store 2. Sales can vary considerably on the day of the week and the season of the year, so she decides to eliminate such effects by making sure to record each store's sales on the same 12 days, chosen at random. She records the sales (in dollars) for each store on these days, as shown in the table below. Day Store 1 Store 2 144Hz Difference (Store 1 - Store 2) Send data to calculator H :O 0 1 TT Explanation 233 116 Check 117 V 2 355 3 ننا 4 394 503 146 275 644 5 485 581 6 (a) State the null hypothesis Ho and the alternative hypothesis H₁. 0 784 505 727 209 119 -141 -96 57 O Search 7 428 N 00 8 853 723 9 205 366 77 130 - 161 10 Based on these data, can the owner conclude, at the 0.05 level of significance, that the mean daily sales of the two stores differ? Answer this question by performing a hypothesis test regarding μ (which is μ with a letter "d" subscript), the…arrow_forwardЗа. Does a full moon affect the behavior for dementia patients in nursing homes? For a set of dementia patients in a nursing home, disruptive or aggressive behavior was recorded for full moon days (3 days centered at the day of the full moon) and other days. The results were as follows: Average number of disruptive incidents per day for dementia patients Patient 1 3 4 5 7 9. 10 11 12 13 14 15 Full moon 3.33 3.67 2.67 3.33 3.33 3.67 4.67 2.67 6.00 4.33 3.33 0.67 1.33 0.33 2.00 Other days 0.27 0.59 0.32 0.19 1.26 0.11 0.30 0.40 1.59 0.60 0.65 0.69 1.26 0.23 0.38 Does this evidence suggest that the full moon affects the behavior of dementia patients? Use a significance level of 0.10. b. Create a 95% confidence interval for the mean difference in aggressive behaviors per day.arrow_forward
- NBA Players: Correlation Matrix The dataset NBAPlayers 2015 contains information on many variables for players in the NBA (National Basketball Association) during the 2014-15 season. The dataset includes information for all players who averaged more than 24 minutes per game (n = 182) and 25 variables, including Age, Points (number of points for the season per game), FTPct (free throw shooting percentage), Rebounds (number of rebounds for the season), and Steals (number of steals for the season). A correlation matrix for these five variables is shown. A correlation matrix allows us to see lots of correlations at once, between many pairs of variables. For any pair of variables (indicated by the row and the column), we are given two values: the correlation as the top number and the p-value for a two-tail test of the correlation right beneath it. Correlations: Age, Points, FTPct, Rebounds, Steals Age Points FTPct Rebounds Points FTPct Steals Rebounds -0.028 0.332 0.408 0.712 0.000 0.000…arrow_forwardYou run a gizmo factory. The following data shows the daily output of your factory for the past year. 488 462 492 480 470 495 467 476 494 474 496 500 495 499 494 481 477 481 468 470 476 479 478 471 484 492 477 488 489 488 499 491 486 477 503 484 532 515 476 493 475 484 498 476 483 506 467 444 466 464 478 454 473 465 491 460 470 483 446 471 529 493 471 468 505 467 506 501 492 477 478 486 454 492 500 471 467 477 485 472 475 493 447 508 478 446 500 496 494 485 493 477 511 487 498 512 446 489 458 461 461 486 501 484 470 477 484 464 491 470 478 480 491 462 483 476 476 483 490 457 511 517 478 499 479 467 500 484 487 473 472 481 458 471 495 451 485 491 482 470 507 498 491 433 488 501 496 446 482 477 467 462 473 466 503 461 511 524 459 487 474 468 485 497 457 448 460 493 494 463 480 475 479 506 485 460 494 480 480 463 510 490 477 470 494 483 474 466 471 475 487 502 502 482 442 468 490 511 499 487 472 458 469 463 498 470 501 486 461 499 497 493 445…arrow_forwardThe following table gives profits (in ten thousands of shillings) of two supermarkets over a duration of one year. Determine which supermarket has a greater variability of its profits.arrow_forward
- #3arrow_forwardA portfolio is created by investing equally into two stocks: Stock A and Stock B. The table below provides the volatility of each stock as well as the correlation between the stock's return and the return of the portfolio. Find the correlation between the returns of these two stocks. Stock A Stock B Volatility 0.49 0.36 Correlation with Portfolio Return 0.71 0.30arrow_forwardInternational Visitors The number of internationalvisitors to the United States for selected years 1986–2010 is given in the table below. If you had to pick one of these models to predictthe number of international visitors in the year2020, which model would be the more reasonablechoice?arrow_forward
- Jet Lag: A researcher examined how many days it takes a person to adjust after making a long flight for three type of travel situation. One group flies east across time zones (California to New York), one group travels west (New York to California), and one group takes an equally long flight within a single time zone (San Diego to Seattle). Do the data suggest that jet lag varies by type of travel situation? Westbound Eastbound Same Zone 2 1 1 4 3 4 1 2 8 1 2 5 2 4 7 N= df = critical value null hypothesis: alternative hypothesis: test statistic value and significance APA-format conclusionarrow_forwardSuppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks. Week Sales (1,000sof gallons) 1 17 2 22 3 19 4 24 5 19 6 16 7 21 8 19 9 23 10 21 11 16 12 22 (a) Compute four-week and five-week moving averages for the time series. Week Time SeriesValue 4-WeekMovingAverageForecast 5-WeekMovingAverageForecast 1 17 2 22 3 19 4 24 5 19 6 16 7 21 8 19 9 23 10 21 11 16 12 22 (b) Compute the MSE for the four-week moving average forecasts. (Round your answer to two decimal places.) Compute the MSE for the five-week moving average forecasts. (Round your answer to two decimal places.) (c) What appears to be the best number of weeks of past data (three, four, or five) to use in the moving average computation? MSE for the three-week moving average is 11.15. Three weeks appears to be best, because the…arrow_forwardPhysics Final Exan Grades (500 students) 60 60 58 54 49 50 48 46 42 40 38 30 27 25 20 13 12 10 8 6 8 5 1e 15 20 25 30 35 40 45 50 55 60 65 70 75 80 Grade (%)arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Elementary Linear Algebra (MindTap Course List)AlgebraISBN:9781305658004Author:Ron LarsonPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:9781305658004
Author:Ron Larson
Publisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Finite Math: Markov Chain Example - The Gambler's Ruin; Author: Brandon Foltz;https://www.youtube.com/watch?v=afIhgiHVnj0;License: Standard YouTube License, CC-BY
Introduction: MARKOV PROCESS And MARKOV CHAINS // Short Lecture // Linear Algebra; Author: AfterMath;https://www.youtube.com/watch?v=qK-PUTuUSpw;License: Standard Youtube License
Stochastic process and Markov Chain Model | Transition Probability Matrix (TPM); Author: Dr. Harish Garg;https://www.youtube.com/watch?v=sb4jo4P4ZLI;License: Standard YouTube License, CC-BY