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Problem 1 . Let X 0 ;X 1 ;X 2 . . . be a Markov chain with state space f1; 2g and transition probabilities given as follows: p 11 = 0:3; p 12 = 0:7; p 21 = 0:5; p 22 = 0:5:
the probability that you win a game is 0.3. if you play the game 20 times. what is the probability that you will win at least 8 times?
marginal costing question and answer
Consider a person who repeatedly plays a game of chance (gambling)with two results possible (win or lose) with a probability p = 0, 3 to win. If the person has bet x amount and if
Suppose that permanent income, YP (t) is calculated as the average of disposable income (YD t ) over the past 5 years, that is: YP (t) = 0.2(YD t + YD t-1 + YD t-2 + YD t-3
Read the article “Apple turns over entire inventory every five days.”1 It is not surprising that, the success of managing inventory can lead to the success of a firm’s operational
how to calculate mean, median and the range on the following data: 15 18 23 22 21 18 14 20 25 12
A car moves with constant velocity along a straight road. Its position is x1 = 0m at t1 = 0 seconds and is x2 = 56 m at t2 = 5.0 s. what is the cars position at t=2.5 seconds and
Accounting Standards in word countries: Diverse countries like Peru, Australia, Kuwait, South Africa etc. have all started adopting the IFRS. The SEC has suggested that all compan
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
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