Travel agent training. A chain of travel agencies maintains a training program for new travel agents. Initially, all new employees are classified as beginning agents requiring extensive supervision. Every 6 months, the performance of each agent is reviewed. Past records indicate that after each semiannual review, 40 % of the beginning agents are promoted to intermediate agents requiring only minimal supervision. 10 % are terminated for unsatisfactory performance, and the remainder continue as beginning agents. Furthermore, 30 % of the intermediate agents are promoted to qualified travel agents requiring no supervision. 10 % are terminated for unsatisfactory performance, and the remainder continue as intermediate agents. (A) Draw a transition diagram. (B) Write the transition matrix. (C) What is the probability that a beginning agent is promoted to qualified agent within 1 year? Within 2 years?
Travel agent training. A chain of travel agencies maintains a training program for new travel agents. Initially, all new employees are classified as beginning agents requiring extensive supervision. Every 6 months, the performance of each agent is reviewed. Past records indicate that after each semiannual review, 40 % of the beginning agents are promoted to intermediate agents requiring only minimal supervision. 10 % are terminated for unsatisfactory performance, and the remainder continue as beginning agents. Furthermore, 30 % of the intermediate agents are promoted to qualified travel agents requiring no supervision. 10 % are terminated for unsatisfactory performance, and the remainder continue as intermediate agents. (A) Draw a transition diagram. (B) Write the transition matrix. (C) What is the probability that a beginning agent is promoted to qualified agent within 1 year? Within 2 years?
Solution Summary: The author illustrates the transition diagram when a travel agency's semiannual review indicates that 40% of the beginning agents are promoted to intermediate agents, 102% are terminated for unsatisfactory performance
Travel agent training. A chain of travel agencies maintains a training program for new travel agents. Initially, all new employees are classified as beginning agents requiring extensive supervision. Every
6
months, the performance of each agent is reviewed. Past records indicate that after each semiannual review,
40
%
of the beginning agents are promoted to intermediate agents requiring only minimal supervision.
10
%
are terminated for unsatisfactory performance, and the remainder continue as beginning agents. Furthermore,
30
%
of the intermediate agents are promoted to qualified travel agents requiring no supervision.
10
%
are terminated for unsatisfactory performance, and the remainder continue as intermediate agents.
(A) Draw a transition diagram.
(B) Write the transition matrix.
(C) What is the probability that a beginning agent is promoted to qualified agent within
1
year? Within
2
years?
1: Stanley Smothers receives tips from customers as a standard component of his weekly pay. He was paid $5.10/hour by his employer and received $305 in tips during the
most recent 41-hour workweek.
Gross Pay = $
2: Arnold Weiner receives tips from customers as a standard component of his weekly pay. He was paid $4.40/hour by his employer and received $188 in tips during the
most recent 47-hour workweek.
Gross Pay = $
3: Katherine Shaw receives tips from customers as a standard component of her weekly pay. She was paid $2.20/hour by her employer and received $553 in tips during the
most recent 56-hour workweek.
Gross Pay = $
4: Tracey Houseman receives tips from customers as a standard component of her weekly pay. She was paid $3.90/hour by her employer and received $472 in tips during
the most recent 45-hour workweek.
Gross Pay = $
8
√x+...∞
If, y = x + √ x + √x + √x +.
then y(2) =?
00
8
√x+...∞
If, y = x + √ x + √x + √x +.
then y(2) =?
00
Chapter 9 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
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