Essay
Two airlines offer conveniently scheduled flights to the airport nearest your corporate headquarters. Historically, flights have been scheduled as reflected in this transition matrix. 
a.
If your last flight was on B, what is the probability your next flight will be on A?
b.
If your last flight was on B, what is the probability your second next flight will be on A?
c.
What are the steady state probabilities?
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A recent study done by an economist
Q2: Where is a fundamental matrix, N, used?
Q7: A city is served by three cable
Q8: A state i is an absorbing state
Q9: Why is a computer necessary for some
Q10: The sum of the probabilities in a
Q15: If an absorbing state exists,then the probability
Q24: At steady state,<br>A)π<sub>1</sub>(n + 1)> π<sub>1</sub>(n).<br>B)π<sub>1</sub> =
Q31: All Markov chain transition matrices have the
Q33: The probability of going from state 1