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A homogenous transition probability matrix is given below. Find the steady state probabilities of state.
States 1 2 3 4
1 0.4 0.3 0.2 0.1
2 0.3 0.3 0.2 0.2
3 0.1 0.4 0.3 0.2
4 0.1 0.4 0.4 0.1
How would your answer change if P11 = 1.0
If the weekly salaries are normally distributed, estimate the fraction of employees that make more than $300 per week.
Program measured in minutes is found to follow a gamma distribution with parameters a=3 and b=2. what is the probability that CPU demand of a program will exceed 1 minute?
Precisely (that is, using specific numbers) what does the central limit theorem tell us about the sampling distribution of sample means for samples of this size from this population?
The mean and variance of the total amount of money that is collected from a car that crosses the bridge are:
A presidential candidate's aide estimates that, among all college students, the proportion p who intend to vote in the upcoming election is at most 65%.
In the prime factorization of an integer, what is the maximum number of prime factors greater than the square root of that integer? If there is a prime factor greater than the square root of that integer
Identify a business situation where you might want to make an estimate. For example, you might want to estimate the mean dollar amount spent by customers at a retail store.
a sample of 144 students is taken from a population of 2000 high school students to estimate the proportion of students
Based on these results a confidence interval extending from 5.96 to 6.16 was calculated for the population mean. Find the confidence level of this interval.
Sun Microsystems has approximately 50% of the high-end Unix machines market with its closest competitor being IBM. Suppose that 15 firms were in the market to purchase a high-end Unix machine. Assume that these firms listened to sales pitches by a..
Take a deck of cards. A deeck has 52 cards with two major colors(Red and Black), with 26 cards each. Red colors comes in two shapes(heart and diamond)
Based on a scatter diagram, would you estimate the linear correlation coefficient to be:
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