Explain obtain the transition probability matrix

Reference no: EM13198149

A salesman makes all sales in three cities X, Y and Z only. It is known that he visits each city on a weekly basis and never visits the same city in successive weeks. If he visits city X in a given week, then he visits city Z in next week. However, if he visits city Y or Z, he is twice as likely to visit city X than the other city. Obtain the transition probability matrix. Also determine the proportionate visits by him to each of the cities in the long run.

Reference no: EM13198149

Questions Cloud

Discuss how the company intends to minimize : Within the same cosmetics company and spa:Identify the most significant trend to impact your business and discuss how the company intends to minimize or capitalize on this trend.

State the public lacks the knowledge about appropriate food : Imagine that your city has experienced a drastic rise in food-borne illness. The public lacks the knowledge about appropriate food safety to prevent these problems, and they do not know how to educate themselves about nutrition and health.

Identify positive and negative outcome related to changes : Client-to-client communication has dramatically changed. After completing reading/research, you are asked to identify one positive and one negative outcome related to the changes addressed above. Include two examples from real life in your discuss..

Define success and failure of the cisco erp project : 1. What factors had made the difference between success and failure of the Cisco ERP project? 2. What were the most important things Cisco managers did right, i.e., where had the ERP team been "smart'?

Explain obtain the transition probability matrix : A salesman makes all sales in three cities X, Y and Z only. It is known that he visits each city on a weekly basis and never visits the same city in successive weeks. If he visits city X in a given week, then he visits city Z in next week.

Does advertising is economically inefficient : Advertising can inform buyers, but sellers must incur costs to advertise. If so advertising can result in higher prices to consumers.

Define women in foraging and horticulutral based societies : The role of women in foraging and horticulutral based societies? How women's status is impacted by her participation in food procurement?

The different entities and objectives and logical : A worker working in a student engineering firm is a student assistance and is paid by the hour.Every two weeks,she turn in a time sheet to her supervisor,and three days later,her paycheck is deposited to her checking account.list the different ent..

To find out the change in equilibrium gdp : Given the increase in government expenditures and the marginal propensity to consume, how would yoou find the change in equilibrium GDP.

User Account

All Pages