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What is Markov Chains or Processes?
bunty and bubly go for jogging every morning. bunty goes around a square park of side 80m and bubly goes around a rectangular park with length 90m and breadth 60m.if they both take
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The value of a computer is depreciated over ?ve years for tax reasons (meaning that at the end of ?ve years, the computer is worth $0). If a business paid $2,100 for a computer, ho
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A firm is manufacturing 45,000 units of nuts. The probability of having a defective nut is 0.15 Compute the given i. The expected no. of defective nuts ii. The standard an
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fixed cost of $1400 ,printing cost of .40 cents -each item to sell for $1.05. what is linear cost function, linear revenue function and number of items to be sold to make a profit
The Markov processes are described as a set of trials which follow a specific sequence that depend on a given set of probabilities identified as transition probabilities. These probabilities show how a particular activity or product moves from one state to another.
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