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
Each month, the firm Cashco has 50% chance that an amount of $ 1,000 will be credited In its current account, and a 50% chance that the account is debited $ 1,000. As current accou

how effect changes in prices to a financial statement?

What is Art collection A personal perform of art or number of products of unique graphics such as artwork, statues, craftwork or other elements generally determined as a perform

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 probab

what is historigram in statistics please give the problems and there solution in statistics as soon as possible

1. Name several entities, attributes, activities, events, and state variables for the following systems: (a) A cafeteria (b) A grocery store (c) A laundromat (d) A fast

How has quantitative analysis changed the current scenario in the management world today?

The abstract is a one-paragraph [200-300 words] summary of what will be presented in the paper. The content that is required for the abstract includes [1-2 sentences each component

Barker Company has a single product called a Zet. The company normally produces and sells 80,000 Zets each year at a selling price of $40 per unit. The company’s unit costs at this

what do you mean by correct and remedy the equipment trouble as instructed by the expert.