Transition matrix for this process

Assignment Help Basic Statistics

Reference no: EM13985104

Assume that a student going to a certain four-year medical school in northern New England has, each year, a probability q of flunking out, a probability r of having to repeat the year, and a probability p of moving on to the next year (in the fourth year, moving on means graduating).

(a) Form a transition matrix for this process taking as states F, 1, 2, 3, 4, and G where F stands for flunking out and G for graduating, and the other states represent the year of study.

(b) For the case q = .1, r = .2, and p = .7 find the time a beginning student can expect to be in the second year. How long should this student expect to be in medical school?

Reference no: EM13985104

Questions Cloud

Problem regarding the gambler ruin problem : A gambler plays a game in which on each play he wins one dollar with probability p and loses one dollar with probability q = 1 - p. The Gambler's Ruin problem is the problem of finding the probability wx of winning an amount T before losing everyth..

What would be the minimum energy for the alpha particle : An alpha particle (mass 4 u) is trapped in a uranium nucleus with diameter 15 fm. Treating the system as a one-dimensional square well, what would be the minimum energy for the alpha particle?

Is the death penalty a just sentence for this crime : Compose a professional quality email to the State's Attorney detailing your thoughts on the following: Is the death penalty a just sentence for this crime? Explain your answer. What alternative punishments might be appropriate (if any)

Number of cards that mary has : (a) Set up the transition matrix for this absorbing Markov chain, where the states correspond to the number of cards that Mary has. (b) Find the fundamental matrix. (c) On the average, how many moves will the game last?

Transition matrix for this process : Form a transition matrix for this process taking as states F, 1, 2, 3, 4, and G where F stands for flunking out and G for graduating, and the other states represent the year of study.

What is minimum power output of engine during this period : Starting from rest, a car accelerates for first few seconds of its motion according to: a = 1.16t - 0.21 t2 + 0.24t3 Where t is in seconds and acceleration is in m/sec2. What is the change in kinetic energy of the car during the first 2.5 seconds?

Pestle for academic dental clinic software : Identify issues and implications for an enterprise - Managers can analyze it and consider the implications of how external factors affect the company from their different perspectives

What is the profit maximizing price and quantity : Your marginal cost for producing a Hair Grow pill is $1. What is the profit-maximizing price and quantity? What is your profit?

What issues were identified by dr lowenthal : After watching the interview with Dr. Mark Lowenthal of the Intelligence and Security Academy answer the following question: What issues were identified by Dr. Lowenthal as still being problematic in the current intelligence network

User Account

All Pages