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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.
How can we apply matrix algebra in various decision models in business and management?
Depreciation during the financial year The Resources which are bought during the economical season and its determined that the Depreciation will be incurred on them @ 10% PA it
if the class intervals of data are equal. though it is ranges,do we have to use bar charts keeping a same space between bars or a histogram?
causes of each component
An individual has $ 100 initially. He repeatedly plays a game of chance in which he earns $ 100 with probability 0.8 or loses $ 100 with probability 0.2. The stops playing at the f
Acceptance Region A term related with the statistical signi?cance tests, which provides the set of values of a test statistic for which the null hypothesis cannot rejected. Supp
1. Suppose that there is a Beta(2,2) prior distribution on the probability µ that a coin will yield a "head" when spun in a speci?ed manner. The coin is independently spun 10 times
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:
Variation Coefficient The standard deviation discussed above is an absolute measure of dispersion. The corresponding relative measure is known as the coefficient of variation. Thi
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