Mass Transit A new rapid transit system has just been installed. It is anticipated that
Chapter 10, Problem 19(choose chapter or problem)
Mass Transit A new rapid transit system has just been installed. It is anticipated that each week 90% of the commuters who used the rapid transit will continue to do so. Of those who traveled by car, 5% will begin to use the rapid transit instead. (a) Explain why the above is a Markov chain. (b) Set up the transition matrix P with columns and rows labeled R (rapid transit) and C (car) to display these transitions. (c) Compute and
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