Here is a word problem and the questions that go with them I need any help possible with the questions.
A complany lease rental cars at 3 IL offices( Midway, O'Hare, and Loop) Records show that 60%% of the cars rented at Midway are returned to Midway and 20% and the other locations. 80% of the cars rented at OHare are returned to OHare and 10% to the other locations. 70% of the cars rented at the Loop are returned to the Loop, 10% returned to Midway, and 20% returned to OHare.
a) assuming that the info above describes a Markov chain write the transition matrix for this situation.
b) If a car is rented at Midway, what is the probability that it will be returned to the Loop after its second rental?
c) Over the long run, if all of the cars are returned, what proportion of the company's fleet will be located at each office?
2006-11-02
10:19:59
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2 answers
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asked by
Anonymous
in
Mathematics