Concept explainers
Insurance An insurance company classifies its drivers into three groups: G0 (no accidents). G1 (one accident), and G2 (more than one accident). The probability that a G0 driver will remain a G0 after 1 year is 0.75, that the driver will become a G1 is 0.20, and that the driver will become a G2 is 0.05. A G1 driver cannot become a G0 (this company has a long memory). There is a 0.70 probability that a G1 driver will remain a G1. A G2 driver must remain a G2.
(a) Write a transition matrix using this information.
(b) Suppose that the company accepts 50.000 new policy holders. all of whom are G0 drivers. Find the number in each group after the following time periods.
(i) 1 year (ii) 2 years (iii) 3 years (iv) 4 years
Want to see the full answer?
Check out a sample textbook solutionChapter 10 Solutions
Finite Mathematics, Books a la Carte Plus MyLab Math Access Card Package (11th Edition)
- 4c Consider the function f(x) = 10x + 4x5 - 4x³- 1. Enter the general antiderivative of f(x)arrow_forwardTools Sign in Different masses and Indicated velocities Rotational inert > C C Chegg 39. The balls shown have different masses and speeds. Rank the following from greatest to least: 2.0 m/s 8.5 m/s 9.0 m/s 12.0 m/s 1.0 kg A 1.2 kg B 0.8 kg C 5.0 kg D C a. The momenta b. The impulses needed to stop the balls Solved 39. The balls shown have different masses and speeds. | Chegg.com Images may be subject to copyright. Learn More Share H Save Visit > quizlet.com%2FBoyE3qwOAUqXvw95Fgh5Rw.jpg&imgrefurl=https%3A%2F%2Fquizlet.com%2F529359992%2Fc. Xarrow_forward13. In 2000, two organizations conducted surveys to ascertain the public's opinion on banning gay men from serving in leadership roles in the Boy Scouts.• A Pew poll asked respondents whether they agreed with "the recent decision by the Supreme Court" that "the Boy Scouts of America have a constitutional right to block gay men from becoming troop leaders."A Los Angeles Times poll asked respondents whether they agreed with the following statement: "A Boy Scout leader should be removed from his duties as a troop leader if he is found out to be gay, even if he is considered by the Scout organization to be a model Boy Scout leader."One of these polls found 36% agreement; the other found 56% agreement. Which of the following statements is true?A) The Pew poll found 36% agreement, and the Los Angeles Times poll found 56% agreement.B) The Pew poll includes a leading question, while the Los Angeles Times poll uses neutral wording.C) The Los Angeles Times Poll includes a leading question, while…arrow_forward
- A tank contains 60 kg of salt and 2000 L of water. Pure water enters a tank at the rate 8 L/min. The solution is mixed and drains from the tank at the rate 11 L/min. Let y be the number of kg of salt in the tank after t minutes. The differential equation for this situation would be: dy dt y(0) =arrow_forwardSimplify the below expression. 3 - (-7)arrow_forwardSolve the initial value problem: y= 0.05y + 5 y(0) = 100 y(t) =arrow_forward
- I need expert solution to this question s pleasearrow_forward(6) ≤ a) Determine the following groups: Homz(Q, Z), Homz(Q, Q), Homz(Q/Z, Z) for n E N. Homz(Z/nZ, Q) b) Show for ME MR: HomR (R, M) = M.arrow_forwardAlready got wrong chatgpt answer Plz don't use chatgpt answer will upvote otherwise leave it .arrow_forward
- y=f'(x) 1 8 The function f is defined on the closed interval [0,8]. The graph of its derivative f' is shown above. How many relative minima are there for f(x)? O 2 6 4 00arrow_forward60! 5!.7!.15!.33!arrow_forwardUse Euler's summation formula to prove that, for x > 2, Σ log n n3 = A log x 2x2 n≤x where A is a constant. - 1 +0 4x2 log x x3 "arrow_forward
- Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
- Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning