How long does it take for you to nish the game

Assignment Help Operation Management
Reference no: EM131122534

Assume that you begin the game of throwing a dice. In the game, you lose $1 if your dice shows a multiple of 3, or earn $1 otherwise. You have $2 initially, and you nish the game either when you lose all your money or when you earn $4. solve by markov chain

(a) What is the probability that you will earn $4?

(b) How long does it take for you to nish the game?

Reference no: EM131122534

Questions Cloud

What proportion of time are both repairmen busy : A job shop consists of three machines and two repairmen. The amount of time a ma- chine works before breaking down is exponentially distributed with mean 10 hours. What is the average number of machines not in use? What proportion of time are both re..
What william shakespeare facebook profile would look like : Have you ever wondered what William Shakespeare's Facebook profile would look like, assuming he was alive today? Many of the historical figures from throughout the Humanities have been gone for a long time before the advent of social media; howeve..
Under a perpetual inventory system : If Enduro Tile Company pays the invoice within the discount period, what is the amount of cash required for the payment?
Prepare journal entries for setterstrom company : Prepare journal entries for Setterstrom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.).
How long does it take for you to nish the game : Assume that you begin the game of throwing a dice. In the game, you lose $1 if your dice shows a multiple of 3, or earn $1 otherwise. You have $2 initially, and you nish the game either when you lose all your money or when you earn $4. solve by marko..
Diagnose the need for change and present plan : Think of an organization you have worked for or one with which you are very familiar. Diagnose the need for change and present a plan to transform the organization, utilizing Kotter’s 8-Step Approach. Include the following sections headings and addit..
What is the amount of cash required for the payment : If Kosmos Company pays the invoice within the discount period, what is the amount of cash required for the payment?
Define persuasive message to promote appreciation : Create and describe a foot-in-the-door or door-in-the-face strategy that can facilitate a positive behavior toward a disliked group. After you identify the group and the target behavior, explain whom you would try to change and what steps would be..
What is the maximum inventory of fertilizer : What is the Economic Ordering Quantity? What is the maximum inventory of fertilizer? What will be the firm's average inventory? How often must the company order?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd