Estimate the probability , Basic Statistics

The Video Club Martin rents movies at "regular price" andat  "half price". Usually if the films are regularly priced one day, they will be at regular price the next day with probability 2/3, and if they are half price day, they will be half price the next day with probability 1/4. However, the films are always half price on Sunday. Model the price of movies Video Club Martin as a Markov chain.

 

Posted Date: 3/26/2013 7:57:36 AM | Location : United States







Related Discussions:- Estimate the probability , Assignment Help, Ask Question on Estimate the probability , Get Answer, Expert's Help, Estimate the probability Discussions

Write discussion on Estimate the probability
Your posts are moderated
Related Questions
Data   If you look at the Variable view (at top of screen - select View and select variables), you will see the names of variables and information about each one.  The lab

What is a purchase allowance? A buy permitting is a reduction in the customer's cost of products that it had purchased. The buy permitting is granted by the provider because of

#questionhow does one calculate a four period centered moving average given the sales per quarter for 3 years ..

Mr. Palsson plans to buy a MacBook Pro which can hold the 6GB of RAM (he has a 4GB chip laying around, so he doesn't care what RAM is actually in the computer, as long as the compu

Three major Accounts and their Rules There are three major Records which are a) Personal Accounts b) Real Accounts c) Moderate Accounts Rule for Personal Account: Ch

Explain why large lorries carrying heavy loads may not succed to go through a curve safely

It is a sunny Tuesday afternoon in the perfectly manicured harbourside city of Sydney. Dressed in your favourite pin stripe Gucci (Black Label thank you very much) and those hand c

How many different starting lineups of 5 basketball players can be chosen from a squad of 13 players?

Your friend Jose is trying to decide whether to buy or lease his next vehicle. He has gathered information about each option but is not sure how to compare the alternatives. Purcha

Define various methods in accounting, specifications and procedures.