25 May Question 51) Using the data in Table 14-1, determine Company 2’s es
Question
51) Using the data in Table 14-1, determine Company 2’s estimated market share in the next period.
A) 0.26
B) 0.27
C) 0.28
D) 0.29
E) None of the above
52) Using the data in Table 14-1, and assuming that the transition probabilities do not change, in the long run what market share would Company 2 expect to reach? (Rounded to two decimal places.)
A) 0.30
B) 0.32
C) 0.39
D) 0.60
E) None of the above
53) The weather is becoming important to you since you would like to go on a picnic today. If it was sunny yesterday, there is a 70% chance it will be sunny today. If it was raining yesterday, there is a 30% chance it will be sunny today. What is the probability it will be rainy today, if it was sunny yesterday?
A) 0.1
B) 0.2
C) 0.7
D) 0.8
E) 0.3
54) The initial values for the state probabilities
A) are always greater than the equilibrium state probabilities.
B) are always less than the equilibrium state probabilities.
C) do not influence the equilibrium state probabilities.
D) heavily influence the equilibrium state probabilities.
E) None of the above
55) The matrix that is needed to compute equilibrium conditions when absorbing states are involved is called a(n)
A) transition matrix.
B) fundamental matrix.
C) identity matrix.
D) equilibrium matrix.
E) absorbing matrix.
56) The weather is becoming important to you since you would like to go on a picnic today. If it was sunny yesterday, there is a 70% chance it will be sunny today. If it was raining yesterday, there is a 30% chance it will be sunny today. If the probability that it was raining yesterday is 0.25, what is the probability that it will rain today?
A) 0.1
B) 0.3
C) 0.4
D) 0.7
E) None of the above
57) The weather is becoming important to you since you would like to go on a picnic today. If it was sunny yesterday, there is a 65% chance it will be sunny today. If it was raining yesterday, there is a 30% chance it will be sunny today. If the probability that it was raining yesterday is 0.4, what is the probability that it will be sunny today?
A) 0.650
B) 0.390
C) 0.510
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.