Aileen, a Scottish spy, has three fake identities that she uses to get information. The process is really quite involved, but she uses a Markov chain process to make it more difficult for her Irish adversaries to track her: "Hope" (state 1), "Trixie"(state 2), and "Fiona" (state 3). The transition matrix is .5 .5 P. 2. 2 6.

Chapter 15 Quiz 1 There are two types of decision models, deterministic and stochastic. True or False True False ezto.mheducation.com Saved

The Tiger Sports Shop1 has hired you as an analyst to understand its market position with respect to Clemson merchandise. It is particularly concerned about its major competitor, Mr. Knickerbocker, and which Clemson-related store has the ‘lead’ market share. Recent history has suggested that which Clemson-related store has the ‘lead market share’ can be modeled as a Markov Chain using three states: TSS (Tiger Sports Shop), MK (Mr. Knickerbocker), and Other Company (OC). Data on the lead market share is taken monthly and you have constructed the following one-step transition probability matrix from past data in the picture. a) The current state of the lead market share in October is that Tiger Sports Shop is in the lead (i.e., the Markov Chain in October is TSS). Tiger Sports Shop is considering launching a new brand in February only if it has the lead market share in January. Determine the probability that TSS will launch this new brand. Please show any equations or matrices…

A manufacturer of DVD players purchases a particular microchip, called LS-24, from three suppliers: Hall Electronics, Schuller Sales, and Crawford Components. 30% of the LS-24 chips were purchased from Hall Electronics, 20% from Schuller Sales, and the remaining 50% from Crawford Components. The manufacturer has extensive track records on all three suppliers and knows that 3% of Hall Electronics' LS-24 chips are defective, 5% of Schuller Sales' LS-24 chips, and 4% of Crawford Components' LS-24 chips are defective. defects. When LS-24 chips arrive at the manufacturer, they are placed directly in a warehouse and are not inspected or identified with the supplier's name. A worker selects a chip to install in a DVD player and finds it defective. What is the probability that it was made by Hall Electronics? What is the probability that Crawford Components made it? What is the probability that it was made by Schuller Sales?