Question

QN. A company produces 2 types of clothes,T shirts and trousers.if one buy purchasing T shirt...

QN. A company produces 2 types of clothes,T shirts and trousers.if one buy purchasing T shirt ,there is 90% chances of purchasing T shirt next.If one purchase Trouser ,there is 80% chances of purchase  trouser next.

a)If a person is a Trouser purchaser ,what is the probability of purchasing T shirt two purchases from now?

b)If a person is a T shirt purchaser ,what is the probability of purchasing T shirt three purchases from now?

Homework Answers

Answer #1

a) Suppose he purchased trouser. Next he may purchase t-shirt with probability , and purchase trouser with probability .

If he purchases t-shirt, the probability of his purchasing t-shirt next is . Thus, the probability that he purchases trouser, then t-shirt and then t-shirt is .

If he purchases trouser, the probability of his purchasing t-shirt next is . Thus, the probability that he purchases trouser, then trouser and then t-shirt is .

Hence, the probability that he purchases t-shirts two steps from now is .

b) Suppose he purchased t-shirt

His next three purchases can be one of the following, and no other:

Here, denotes that he purchased t-shirt, and denotes that he purchased trouser.

The probabilities associated to these triples are as follows:

Therefore, the probability that he purchases a t-shirt three steps from now is ​​​​​​​.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Saltycustoms T-shirt is an online retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer....
Saltycustoms T-shirt is an online retailer of t-shirts, orders 100,000 t-shirts per year from its manufacturer. The company will order t-shirts 12 times over the next year. The company receives the same number of t-shirts each time it orders. The carrying cost is RM0.10 per shirt per year. What is the annual carrying cost of the t-shirt inventory (rounded to the nearest Ringgit Malaysia)? Select one: a. RM10,000 b. RM834 c. RM417 d. RM5,000
The business manager of an RSO has a choice of purchasing T-shirts for 500 students from...
The business manager of an RSO has a choice of purchasing T-shirts for 500 students from two suppliers. Alpha T offers the shirt to be acquired at P300 each with print 500 pieces and silk screen cost of P1,000 for 500 pieces. If the RSO will buy less than 500 pieces, it will be charged at P315each. Beta T, another supplier offers the T-shirt at P187 each, charges printing at P10,000 at a higher level of printing technology for every...
You are an entrepreneur who will be starting a t-shirt business. Your company will rent space...
You are an entrepreneur who will be starting a t-shirt business. Your company will rent space inside the mall. You will buy plain t-shirts and imprint them with one of twelve pictures exclusively designed for your company by a famous artist who is a friend of yours. Your target customers are teenagers and young adults and you plan on selling your t-shirts for $15 each. Your business is scheduled to open on January 1, 2020. Below is the cost information...
Melissa has a company that produces T-shirts for charities. Her market consists of two groups, Ceria...
Melissa has a company that produces T-shirts for charities. Her market consists of two groups, Ceria Orphanage (C), and Jaya Orphanage (J). Their individual demand equations are as follows: C: P = 40 – 2.00Qc J: P = 55 – 1.25QJ Where Q = represents quantity demanded (in hundreds), and P = price per T-shirt 1. If Melissa charges $30 per T-shirt, what is the quantity demanded by each group and by the market as a whole? 2. At the...
1. The Academic T-Shirt Company did a cost study and found that it costs $1400 to...
1. The Academic T-Shirt Company did a cost study and found that it costs $1400 to produce 600 “I Love Math” T-shirts. The total cost is $1600 for a volume of 700 T-shirts. Determine the linear cost-volume function. What is the fixed cost? What is the unit cost? 2. The Computer Shop sells computers. The shop has a fixed cost of $1500 per week. Its average cost per computer is $649, and the average selling price is $899 each. Write...
A company produces boxes of diet cereals and standard cereals. If a customer’s last purchase was...
A company produces boxes of diet cereals and standard cereals. If a customer’s last purchase was a diet cereal then the next purchase will also be diet cereal with probability 0.95. However if the customer’s last purchase was a standard cereal, then the next purchase will also be a standard one with probability 0.8. Suppose that the respective costs are 160 cents, 150 cents and the respective prices are $2.5, $2.0 for diet and standard types. a) If 10 000...
Inner Secret T Shirt Company produces and sells one product. The following information pertains to each...
Inner Secret T Shirt Company produces and sells one product. The following information pertains to each of the company’s first three years of operations: Variable costs per unit: Manufacturing: Direct materials $ 28 Direct labor $ 17 Variable manufacturing overhead $ 3 Variable selling and administrative $ 4 Fixed costs per year: Fixed manufacturing overhead $ 500,000 Fixed selling and administrative expenses $ 130,000 During its first year of operations, O’Brien produced 93,000 units and sold 73,000 units. During its...
Use this Fact Set for Questions 2-7: Three retailing giants, Best Buy Co., Inc. (NYSE: BBY),...
Use this Fact Set for Questions 2-7: Three retailing giants, Best Buy Co., Inc. (NYSE: BBY), Amazon.com, Inc., (NASDAQ: AMZN), and Target Corporation (NYSE: TGT) each use a different inventory costing method. Best Buy uses weighted-average cost, Amazon uses FIFO, and Target uses LIFO. As you will see from the hypothetical example below, the use of a different inventory costing method will lead to differences in income statements and balance sheets. Best Buy, Amazon and Target sell a popular T-shirt...
1. Let's say that you are a United States company that purchases T-shirts from a company...
1. Let's say that you are a United States company that purchases T-shirts from a company in Indonesia. The Indonesian company charges you 28,000 Indonesian Rupiahs for one T-shirt. The currency market is a freely fluctuating market. Let's say that last week one U.S. dollar exchanged for 14,000 Rupiahs. And let's say that this week one dollar exchanges for 15,000 Rupiahs. How much did you pay (in dollars) for one T-shirt last week, and how much did you pay this...
Customers buy cell phones from three companies. Given the company from which a customer last bought...
Customers buy cell phones from three companies. Given the company from which a customer last bought a phone, the probability that she will buy her next phone from each company is as follows: Will Buy Next From Last Bought From Company 1 Company 2 Company 3 Company 1 0.80 0.10 0.10 Company 2 0.05 0.85 0.10 Company 3 0.10 0.20 0.70 A. If someone currently owns a company 1 phone, what is the probability that at least one of the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT