Posted by Kimberly on Friday, November 20, 2009 at 10:08pm.
the transition matrix would be
..... : happy not happy
....buy 125/236 111/236
not buy 148/464 316/464 or
│.53 .47 │
│.32 .68 │
so [a b] x [transition matrix] = [a b]
where a+b= 1
I got .53a + .32b = a or 32b = 47a
and .47a + .68b = b
we only need the first of these relations and the fact that a+b = 1
then a = 1-b
and 32b = 47a
32b = 47(1-b)
32b = 47 - 47b
79b = 47
b = .595 then a = .405
(This is the first time I have seen this kind of question in this forum, and its been over 12 years since I have done one like it. So I am not 100% sure of my work here)
Related Questions
statistics - If a major Internet store wants to estimate the percentage of adult...
statistics - A sample of 275 shoppers at a large suburban mall were asked two ...
statistics - Hello!! A survey indicates that for each trip to the supermarket, a...
statistic - A survey was made of 100 customers in a department store. 70 of the ...
statistics - 3 In 1999, a sample of 200 in-store shoppers showed that 42 paid by...
Math - A department store purchases a dress for $50. To sell the dress to ...
finance - Home Builder Supply a retailer in the home improvement industry, ...
math - A department store purchases an mp3 player for $50. To sell the mp3 ...
English - 1. Where do you buy a scarf? -I buy it at the department store. 2. ...
math - nick has a revolving department store credit card account with an annual ...
For Further Reading