motor insurance company puts policy holders into three categories: no discount on premiums (state 1) 25% discount on premiums (state 2) 50% discount on premiums (state 3) How many years does it take to get 50% discount? Solution:
motor insurance company puts policy holders into three categories: no discount on premiums (state 1) 25% discount on premiums (state 2) 50% discount on premiums (state 3) How many years does it take to get 50% discount? Solution:
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.CR: Review Problem Set
Problem 79CR
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car insurance: how many years does it take to get 50% discount .
plz solve it by Markov Chain
p(car ins.)=1/4.
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