(i) If volume is high this week, then next week it will be high with a...

(i) If volume is high this week, then next week it will be high with a probability of 0.9 and low with a probability of 0.1.
(ii) If volume is low this week then it will be high next week with a probability of 0.4.

Assume that state 1 is high volume and that state 2 is low volume.

(1) Find the transition matrix for this Markov process.

P =

[.9 .1]

[.4 .6]

What is the probability that volume will be high for three consecutive weeks?

Expert Solution

orchestra answered 1 year ago

I am going to a lab next week on Acids, Bases, PH and Buffers, but i...

I am going to a lab next week on Acids, Bases, PH and Buffers, but i need some help, especially on Buffers. Q.5 Which solution(s) showed the greatest and which solutions(s) showed little or no change change in pH? Why? regarding which ones, i do understand that i need to do the lab first. I understand bufferss resist a change in PH when a small amount of strong acid OR strong base is added to it. This means that the...

I. Read Chapters 25 to 28 for Quiz # 7 ( Next Week) II. Read and...

I. Read Chapters 25 to 28 for Quiz # 7 ( Next Week) II. Read and write about the following subjects: A) Asthma and COPD. Description. Etiology. Clinical Manifestations. Nursing Assessment, diagnosis and management. B) Methods of Oxygen Administration.

So i have my chemistry exam next week and this is a question from the practice...

So i have my chemistry exam next week and this is a question from the practice test. I am wondering more of the how/why for this question than just the answer? How do you tell what is soluable and what isn't how to know what the reaction is gonna be? Is there any easier way to think about this than memorizing the solubility chart. And even with he chart memorized... how do i answer a question like this, am i...

Please answer these for me i NEED THEM to study for finals next week! Q8:Income is...

Please answer these for me i NEED THEM to study for finals next week! Q8:Income is $60,000, assets are $250,000, & the minimum required rate of return is 18%. RI is: 20 sec $10,000 $15,000 $20,000 $25,000 Q9:Which performance measures leads to better business decisions? ROI RI Q10:A cost that differs between two alternatives is known as: 20 sec an avoidable cost a differential cost a relevant cost all of the above Q11:These costs are never relevant to decision: 20...

Last week I compared 6 compound bows, this week I want to see if the mean...

Last week I compared 6 compound bows, this week I want to see if the mean price for a compound bow is less than the mean price of a crossbow. I looked at 6 manufacturers of compound bows with prices of, 1,100, 1,000, 1,149, 999, 1100, 999. I looked at 6 different crossbow manufacturers and they were priced, 949, 1,399, 1,499, 1,099, 999, 1,019. Test with a 0.05 significance level.

Over the next few years economist expect that the next financial bubble might be the high...

Over the next few years economist expect that the next financial bubble might be the high debt of organizations bursting. A. Explain the difference between highly leveraged firms and low leveraged firms in regards to fixed and variable costs B. What are the benefits of being highly leveraged and the downfalls. C. Explain the benefits of being low leveraged firm and the potential downfalls.

Scottsdale Ltd. manufactures a variety of high-volume and low-volume products to customer demand. Presented is information...

Scottsdale Ltd. manufactures a variety of high-volume and low-volume products to customer demand. Presented is information on 2009 manufacturing overhead and activity cost drivers. Level Total Cost Units of Cost Driver Unit $600,000 20,000 machine hours Batch 200,000 1,000 customer orders Product 400,000 50 products Product X1 required 3,000 machine hours to fill 10 customer orders for a total of 8,000 units. (a) Assuming all manufacturing overhead is estimated and predicted on the basis of machine hours, determine the predicted...

Maetins Ltd. manufactures a variety of high-volume and low-volume products to customer demand. Presented is information...

Maetins Ltd. manufactures a variety of high-volume and low-volume products to customer demand. Presented is information on 2009 manufacturing overhead and activity cost drivers. Level Total Cost Units of Cost Driver Unit $300,000 20,000 machine hours Batch 300,000 1,000 customer orders Product 100,000 50 products Product X1 required 2,000 machine hours to fill 10 customer orders for a total of 8,000 units. (a) Assuming all manufacturing overhead is estimated and predicted on the basis of machine hours, determine the predicted...

What is the homeostatic feedback loops for high/low blood volume. Stimulus: Decrease in blood volume Sensor:...

What is the homeostatic feedback loops for high/low blood volume. Stimulus: Decrease in blood volume Sensor: ? Integrator: ? Effector: ? Response: ? Stimulus: Increase in blood volume Sensor: ? Integrator: ? Effector: ? Response: ?

How can when high volume is over and low volume is under can impact our business?...

How can when high volume is over and low volume is under can impact our business? Also, ABC focuses on the consumption of the resources for that particular activity, can you present some of these related to a company?

Question