Question: University regulations state that a student cannot fail the same course more than 3 times. Otherwise, the student will quit the university. In average

University regulations state that a student cannot fail the same course more than 3 times. Otherwise, the student will quit the university. In average a student has a 60% chance to pass the stochastic processes course if taken for the first time. This chance increases to 70% and 80% if the student will have to take it for the second and third time respectively. The course is offered every semester. 1. Represent the problem using Markov chain and specify the states and their classes. 2. How many semesters on the average it takes a student to pass the course? 3. If an average of 15 students takes the course every semester, how many are expected to quit school because of this course every year?

Step by Step Solution

★★★★★

3.46 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Representation of the problem using Markov chain States State 0 Student has not taken the stochastic processes course State 1 Student has taken the course once and passed State 2 Student has taken t... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Yorkton Company purchased for $415,000 equipment having an estimated useful life of 10 years with an estimated residual value of $25,000. Depreciation is calculated to the nearest month. The company...

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

What is the benefit to a company from a securities underwriter? They study the market and advise companies on where to set their IPO share price. They help companies to reduce the risk associated...

Brown Trout outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations:For preparing the adjusting entries, the...

Defi ne the two types of sexual harassment and how employers should respond to sexual harassment complaints.

=+c) Compute the RRRs. Which action is preferred based on the RRRs?

Alpha issues a negotiable check to Beta payable to the order of Beta in payment of an obligation Alpha owed Beta. Beta delivers the check to Gamma without indorsing it in exchange for one hundred...

Please open this link: Midwest Office Products case study and answer the following questions: Based on the interviews and data in the case, estimate: The cost of processing cartons through the...

Data Tilsley Ltd manufactures motor vehicle components. It is considering introducing a new product. Helen Foster, the production director, has already prepared the following projections for this...

Select the correct usage of in - text citation in APA style. Barks and Watts ( 2 0 0 1 ) provide an excellent outline of interactive classroom activities for addressing plagiarism in a cross -...

Question 1: A large domestic airport handles 90 take-offs per hour. For take-off, an aircraft leaves the gate, taxies for some distance and awaits its turn on the runway. Average time spent by an...

A bond has a yield to maturity ( YM ) of 5 % , with a maturity of 3 0 years, the coupon payment is 2 5 dollars paid semi - annually. Given that the PAR of the bond is $ 1 , 0 0 0 what is the price of...

Question 3 d) Your friend Rochelle has launched an online store to sell framed photos of kittens to cat lovers all around the world. Rochelle is worried about some aspects of eCommerce - specifically...

Question 2 There have been some misinterpretations on the similarities and differences of the concepts; management, leadership and administration. Compare and contrast leadership, management and...

You are trying to select between four online Help Desk plans from the Geek Squad. The Black Belt plan costs $29.95 / month plus $1 / online response, the Brown Belt plan costs $19.95 / month plus $3...

all parts please More info - - X cord Mar. 1 The business received a $33,000 cash investment from Yomaira Gregore to start Yomaira's Yoga. 1 Paid $5,300 cash to rent a yoga studio for the month of...

Consider the setup in Problem 16. Show that the relative speed of the ball and the point of contact on the stick is the same before and immediately after the collision. (This result is analogous to...

The Rainwater Brewery produces Rainwater Light Beer, which it stores in barrels in its warehouse and supplies to its distributors on demand. The demand for Rainwater is 1,500 barrels of beer per day...

A farmer in Georgia must decide which crop to plant next year on his land: corn, peanuts, or soybeans. The return from each crop will be determined by whether a new trade bill with Russia Determine...

Texmart is a locally owned big-box retail store chain in Texas with 75 stores, primarily located in the DallasFort Worth area. In order to compete with national big-box store chains, Texmart is...

1. If someone electrically stimulated the auditory receptors in your ear, what would you perceivepg78

6. Suppose a bipolar cell receives excitatory input from medium-wavelength cones and inhibitory input from all three kinds of cones. When it is highly excited, what color would one seepg78 When it is...

3. What makes the blind spot of the retina blindpg78