Ray Cahnman is the proud owner of a 1955 sports car. On any given day, Ray never
Question:
Ray Cahnman is the proud owner of a 1955 sports car. On any given day, Ray never knows whether his car will start. Ninety percent of the time it will start if it started the previous morning, and 70% of the time it will not start if it did not start the previous morning.
(a) Construct the matrix of transition probabilities.
(b) What is the probability that it will start tomorrow if it started today?
(c) What is the probability that it will start tomorrow if it did not start today?
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Related Book For 
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
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