3. Draw a transition diagram corresponding to the following stochastic matrix: ГО.2 0.6 0.11 A = 0.1 0.2 0.9 Lo.7 0.2 4. Draw a transition diagram corresponding to the following stochastic matrix: ГО.1 0 A = 0.9 0 0 1
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- A major long-distance telephone company (company A) has studied the tendency of telephone users to switch from one carrier to another. The company believes that over successive six-month periods, the probability that a customer who uses A's service will switch to a competing service is 0.2 and the probability that a customer of any competing service will switch to A is 0.3. (a) Find a transition matrix for this situation. (b) If A presently controls 60% of the market, what percentage can it expect to control six months from now? (c) What percentage of the market can A expect to control in the long run? (a) Find a transition matrix for this situation. Let "Comp" stand for "a competing service." A Comp A Comp (Type integers or decimals.) (b) If A presently controls 60% of the market, what percentage can it expect to control six months from now? Company A can expect to control % of the market six months from now. (c) What percentage of the market can A expect to control in the long run?…Draw a transition diagram corresponding to the following stochastic matrix: refer to imageThe alumni of State University generally contribute (C) or do not contribute (NC) according to the following pattern: 65% of those who contribute one year will contribute the next year; 15% of those who do not contribute one year will contribute the next. The transition matrix is the following: Next Year C NC c[0.65 0.35] Year NC 0.15 0.85 ] Present Use this transition matrix to find the steady-state distribution of State University alumni who contribute and who do not contribute. (Round your answers to one decimal place.) contribute % do not contribute % Need Help? Read It
- Let us consider the population of people living in a city and its suburb and the migration within this population from the city and the suburbs to the city and the suburbs. The migration of these populations from and to each other is given by a stochastic matrix [.95 .03] P = |.05 .97 The entries in this matrix were obtained from collected data that demonstrates individuals are 95 % likely to remain in the city, 5 % likely to move from the city to the suburbs, 3 % likely to move from the suburbs to the city, and 97 % likely to remain in the suburbs. Now suppose in the year 2000 60 % or .6 percent of people live in the city and 40 % or .4 percent of people live in the suburbs. What will be the percentage of people living in the city be in the year 2001? What will be the percentage of people living in the suburbs be in 2002? Hint: Recall, for a general Markov Chain (S, ro, P) the initial vector ro is required to merely be a probability vector, that is, a vector whose entries add up to 1.…The index model has been estimated for stocks A and B with the following results: RA = 0.03 + 0.8RM + eA. RB = 0.01 + 0.9RM + eB. σM = 0.35; σ(eA) = 0.20; σ(eB) = 0.10. The covariance between the returns on stocks A and B is A) 0384. B) 0.0406. C) 0.0882. D) 0.0772. E) 0.4000. 2) Analysts may use regression analysis to estimate the index model for a stock. When doing so, the slope of the regression line is an estimate of A) the α of the asset. B) the β of the asset. C) the σ of the asset. D) the δ of the asset. Choose correct answer with justification.5. A small vegetarian shop serves only two kinds of sandwiches: falafel and tofu. The shop observes that if a customer orders a falafel sandwich, there is that they will order a falafel sandwich on their next visit. If the custômer orders a tofu sandwich, there is a 40% chance that they will order a falafel sandwich on their 70% chance next visit. (a) Give a transition matrix associated with this situation; (b) A customer shops at the sandwich shop once per week. If the customer ordered a falafel sandwich two weeks ago, what is the probability that they will order a tofu sandwich this week? (c) Find the steady state vector associated with this situation.