How long does it take for you to nish the game

Assignment Help Operation Management
Reference no: EM131122534

Assume that you begin the game of throwing a dice. In the game, you lose $1 if your dice shows a multiple of 3, or earn $1 otherwise. You have $2 initially, and you nish the game either when you lose all your money or when you earn $4. solve by markov chain

(a) What is the probability that you will earn $4?

(b) How long does it take for you to nish the game?

Reference no: EM131122534

Questions Cloud

What proportion of time are both repairmen busy : A job shop consists of three machines and two repairmen. The amount of time a ma- chine works before breaking down is exponentially distributed with mean 10 hours. What is the average number of machines not in use? What proportion of time are both re..
What william shakespeare facebook profile would look like : Have you ever wondered what William Shakespeare's Facebook profile would look like, assuming he was alive today? Many of the historical figures from throughout the Humanities have been gone for a long time before the advent of social media; howeve..
Under a perpetual inventory system : If Enduro Tile Company pays the invoice within the discount period, what is the amount of cash required for the payment?
Prepare journal entries for setterstrom company : Prepare journal entries for Setterstrom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.).
How long does it take for you to nish the game : Assume that you begin the game of throwing a dice. In the game, you lose $1 if your dice shows a multiple of 3, or earn $1 otherwise. You have $2 initially, and you nish the game either when you lose all your money or when you earn $4. solve by marko..
Diagnose the need for change and present plan : Think of an organization you have worked for or one with which you are very familiar. Diagnose the need for change and present a plan to transform the organization, utilizing Kotter’s 8-Step Approach. Include the following sections headings and addit..
What is the amount of cash required for the payment : If Kosmos Company pays the invoice within the discount period, what is the amount of cash required for the payment?
Define persuasive message to promote appreciation : Create and describe a foot-in-the-door or door-in-the-face strategy that can facilitate a positive behavior toward a disliked group. After you identify the group and the target behavior, explain whom you would try to change and what steps would be..
What is the maximum inventory of fertilizer : What is the Economic Ordering Quantity? What is the maximum inventory of fertilizer? What will be the firm's average inventory? How often must the company order?

Reviews

Write a Review

Operation Management Questions & Answers

  Ones philosophy is not best expressed in words

“Today, you’ve got a decision to make. You’re gonna get better or you’re gonna get worse, but you’re not gonna stay the same. Which will it be?” -Joe Paterno “One’s philosophy is not best expressed in words; it is expressed in the choices one makes…a..

  Compute forecasts for the remaining five months

The subsequent tabulations are actual sales of units for six months also a starting forecast in January.Compute forecasts for the remaining five months utilizing simple exponential smoothing with.

  Execution phase of the project life cycle

For this assignment, consider and discuss the degree to which the likelihood and impact of specific risks is anticipated to change during the Execution phase of the project life cycle

  Formulate the linear programming model for the problem

The Bradley family owns 410 acres of farmland in North Carolina on which they grow corn and tobacco. Each acre of corn costs $105 to plant, cultivate, and harvest; each acre of tobacco costs $210. The Bradleys’ have a budget of $52,500 for next year...

  Write a report on the project plan

Write a report on the project plan to senior management of JAP, offering sufficient information for senior management to review and understand the implications of embarking on such a project.

  Discuss the marketing objectives

Imagine you are the product manager for a new electric car similar to the Chevrolet Volt. Using all your knowledge of the new product life cycle.

  What are the various methods for recruiting employees

are what are the various methods for recruiting employees? why are some better than others? In what sense are they better?

  Describe the term data redundancy means in database design

Describe what the term data redundancy means in database design. Explain if it is bad and if a normalized database design is always the best design.

  Calculate touring enterprises'' weighted average cost of

Calculate Touring Enterprises' weighted average cost of capital (WACC). Work as follows: first, compute the after-tax cost of debt, then compute the cost of equity. Cite both formulas, and show all your work.

  What are disadvantages of jit and lean production

What are some advantages and disadvantages of JIT and lean production. Why do you think many firms are experiencing an increase in JIT and lean production

  Victim and suspect typologies scenario

Based on the first suspect’s interview regarding the battery incident and understanding the trends in crime from your lesson, determine how the suspect fits the trends that have been observed. Identify any ways that the suspect does not fit those tre..

  Basic tasks of strategy-making-strategy-executing process

Which one of the following is NOT one of the five basic tasks of the strategy-making, strategy-executing process?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd