Assuming that the climate in the city of Metepec behaves according to a Markov chain, consider the following data. The probability of rain on any following day is 70% if it rained the day before, and 20% if it did not rain the day before; Likewise, the probability that the next day will be dry is 80% if the day before was dry, and 30% if it rained the day before. From this information:  C. Find the probability that Friday is a dry day, given that it rained today, Tuesday. D. Suppose you want to calculate the probability that it will rain in exactly six months, describe two different strategies you could use to perform this calculation. Would it really matter to consider what the weather was today?

ne bets $1. 0.45, he wins the game and with probability 1 - p = 0.55, he loses the game. His goal is to increase his capital to $3, and as soon as he does, the game is over. The game is also over if his capital is reduced to zero. Construct an absorbing Markov chain and answer the following questions. • What is the expected duration of the game? • What is the probability that he goes broke?

Consider purchasing a system of audio components consisting of a receiver, a pair of speakers, and a CD player. Let A₁ be the event that the receiver functions properly throughout the warranty period, A₂ be the event that the speakers function properly throughout the warranty period, and A3 be the event that the CD player functions properly throughout the warranty period. Suppose that these events are (mutually) independent with P(A₁) = 0.92, P(A₂) = 0.96, and P(A3) = 0.90. (Round your answers to four decimal places.) (a) What is the probability that all three components function properly throughout the warranty period? (b) What is the probability that at least one component needs service during the warranty period? (c) What is the probability that all three components need service during the warranty period? (d) What is the probability that only the receiver needs service during the warranty period? (e) What is the probability that exactly one of the three components needs service…

In any given day the air quality in a certain city is either good or bad.  Records show that when the air  quality is good on one day, then there is a 95% chance that it will be good the next day, and when the air quality is bad on one day, then there is 45% chance it will be bad the next day. a. Give the transition  matrix. b.  if the air quality is good today, what is the probability it will be good two days from now? c.  if the air quality is bad today, what is the probability it will be bad three days from now? d.  if the there is 20% chance the air quality is good today, what is the probability it will be good tomorrow?