The following data consists of a matrix of transition probabilities (P) of three competing companies, the initial market share state ℼ(1), and the equilibrium probability states. Assume that each state represents a firm (Company 1, Company 2, and Company 3, respectively) and the transition probabilities represent changes from one month to the next. The market share of Company 3 after three periods is a. 0.259 b. 0.261 c. 0.283 d. 0.296

The following data consists of a matrix of transition probabilities (P) of three competing companies, the initial market share state ℼ(1), and the equilibrium probability states. Assume that each state represents a firm (Company 1, Company 2, and Company 3, respectively) and the transition probabilities represent changes from one month to the next. The market share of Company 3 after three periods is a. 0.259 b. 0.261 c. 0.283 d. 0.296

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter5: Exponential And Logarithmic Functions

Section5.5: Exponential And Logarithmic Models

Problem 3ECP: Estimate the age of a newly discovered fossil for which the ratio of carbon-14 to carbon-12 is...

See similar textbooks

Similar questions

Estimate the age of a newly discovered fossil for which the ratio of carbon-14 to carbon-12 is R=1/1014.
An oxygen cylinder for an oxyacetylene setup registers a pressure of 1,724kPa in the afternoon when the technician is finished using it. The temperatureof the cylinder in the afternoon is 30°C. In the morning the temperature is20°C and the cylinder registers a pressure of 1,668 kPa. Has the cylinderdeveloped a leak?
A small metal bar, whose initial temperature was 20∘C, is droppedinto a large container of boiling water. How long will it take thebar to reach 90 ∘C if it is known that its temperature increased 2∘Cin 1 second? How long will it take the bar to reach 98∘C? Show diagrammatic sketch and IVP(initial value problem)
nicotine is a poisonous, addictive compound found in tobacco. A sample of nicotine contains 4.12 mole of C, 6.51 mole of H, and 1.13 mole of N. What is the empirical formula?
radon is a colorless, odorless gas that is naturally released by rocks and soils and may concentrate in tightly closed houses. because radon is slightly radioactive, there is some concern that it may be a health hazard. radon detectors are sold to homeowners worried about this risk, but the detectors may be inaccurate. university researchers placed 12 detectors in a chamber where they were exposed to 105 picocuries per liter (pci/l) of radon over 3 years. here are the readings given by the detectors:91.9 97.8 111.4 112.3 105.4 85.0 103.8 89.6 96.6 109.3 104.8 91.7 Assume (unrealistically) that you know that the standard deviation of readings for all detectors of this type is σ = 9. a. Give the 95% confidence interval for the mean reading μ for this type of detector. b. Is there significant evidence at the 5% level that the mean reading differs from the true value 105? State hypotheses and base a test on your confidence interval from (a). c. Calculate the power of this test against the…
MCE Craig, Inc., has provided the following information for one of its products for each hour of production: Actual velocity: 100 units (per hour) Move time: 17 minutes Inspection time: 10 minutes Rework time: 10 minutes Required: 3. What if waste is reduced by 50 percent? New waste = fill in the blank 5 minutes What is the new MCE? If required, round your answer to two decimal places.fill in the blank 6 What is the new cycle time?fill in the blank 7 minutes
The population of a certain species is given by N = 127 × 1.06t, where t is measured in years. What is the initial population? By what percentage does the population grow each year?
The population of a certain species is given by N = 127 × 1.05t, where t is measured in years. What is the initial population?By what percentage does the population grow each year? %
?=?(?) gives the size of a population that begins with 30,000 members and grows at a continuous annual rate of 1.56%. Find a formula for the population, ?=?(?)=
4. The number N of bacteria, in grams, present at time t (in hours) obeys the law of uninhibited growth N(O) =1000e^0.027t. c. What is the rate as a percent? Evaluate N(30) and interpret the result in the context of the problem. Round your answerto the nearest integer. State your answer in a complete sentence. Solve N(t)=10,000 and interpret the result in the context of the problem. Round youranswer to the nearest integer and state answer in a complete sentence.
Question-based on, " Radioactive decay model on mummy estimated to contain 57%... I have tried it but unable to get the correct answer.
a radioactive element decays according to the fuction A(t)= A0 e-0.0319t, where t is in years. a. if 500 grams of the element are present initially, how much of the element would remain after 5 years? round to the nearest gram. b. find the half of the element. round to the nearest hundredth of a year.