3. Real Cheap Car Rental Agency operates agencies in two cities, city 1 and city 2. The fractions of the number of cars rented in one city and returned in the same city or to the other city are given in the following transition matrix: City at which Car is returned 1 2 1 [0.65 0.35I 2 l0.60 0.40 City at which car is rented What is the probability that a car rented will be returned to each city after one day? In two days? In three days?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Please answer the following questions and write properly.
3. Real Cheap Car Rental Agency operates agencies in two cities, city 1 and
city 2. The fractions of the number of cars rented in one city and returned
in the same city or to the other city are given in the following transition
matrix:
City at which
Car is returned
1
2
1 [0.65 0.35I
Lo.60 0.40
City at which car is rented
What is the probability that a car rented will be returned to each city
after one day? In two days? In three days?
Transcribed Image Text:3. Real Cheap Car Rental Agency operates agencies in two cities, city 1 and city 2. The fractions of the number of cars rented in one city and returned in the same city or to the other city are given in the following transition matrix: City at which Car is returned 1 2 1 [0.65 0.35I Lo.60 0.40 City at which car is rented What is the probability that a car rented will be returned to each city after one day? In two days? In three days?
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