Question

In a large metropolitan area, 30% of the commuters currently use the public transportation system, whereas...

In a large metropolitan area, 30% of the commuters currently use the public transportation system, whereas the remaining 70% commute via automobile. The city has recently revitalized and expanded its public transportation system. It is expected that 6 months from now 30% of those who are now commuting to work via automobile will switch to public transportation, and 70% will continue to commute via automobile. At the same time, it is expected that 20% of those now using public transportation will commute via automobile and 80% will continue to use public transportation.

(a) Construct the transition matrix for the Markov chain that describes the change in the mode of transportation used by these commuters.

   P              A
T =
P
A

_____ _____

_____ _____



(b) Find the initial distribution vector for this Markov chain.

X0

=

_____

_____


(c) What percentage of the commuters are expected to use public transportation 6 months from now? (Round your answer to the nearest percent.)
%________

Homework Answers

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
Within a large metropolitan area, 20% of the commuters currently use the public transportation system, whereas...
Within a large metropolitan area, 20% of the commuters currently use the public transportation system, whereas the remaining 80% commute via automobile. The city has recently revitalized and expanded its public transportation system. It is expected that 6 months from now 30% of those who are now commuting to work via automobile will switch to public transportation, and 70% will continue to commute via automobile. At the same time, it is expected that 80% of those now using public transportation...
Within a large metropolitan area, 20% of the commuters currently use the public transportation system, whereas...
Within a large metropolitan area, 20% of the commuters currently use the public transportation system, whereas the remaining 80% commute via automobile. The city has recently revitalized and expanded its public transportation system. It is expected that 6 months from now 30% of those who are now commuting to work via automobile will switch to public transportation, and 70% will continue to commute via automobile. At the same time, it is expected that 80% of those now using public transportation...
a) Within a large metropolitan area, 20% of the commuters currently use the public transportation system,...
a) Within a large metropolitan area, 20% of the commuters currently use the public transportation system, whereas the remaining 80% commute via automobile. The city has recently revitalized and expanded its public transportation system. It is expected that 6 months from now 30% of those who are now commuting to work via automobile will switch to public transportation, and 70% will continue to commute via automobile. At the same time, it is expected that 40% of those now using public...
1. A city official claims that the proportion of all commuters who are in favor of...
1. A city official claims that the proportion of all commuters who are in favor of an expanded public transportation system is 50%. A newspaper conducts a survey to determine whether this proportion is different from 50%. Out of 225 randomly chosen commuters, the survey finds that 90 of them reply yes when asked if they support an expanded public transportation system. Test the official’s claim at α = 0.05. 2. A survey of 225 randomly chosen commuters are asked...
GoodClothes and MIS: Case from struggle to revamp Headquartered in Dubai, GoodClothes is a highly successful...
GoodClothes and MIS: Case from struggle to revamp Headquartered in Dubai, GoodClothes is a highly successful department retailer offering completely designed casual clothing and accessories. The company operates 10 stores in all seven emirates and 1 store in Al Ain. The company owns 6 stores and franchises 5. For some time, marketing managers targeted population between the ages 40 and 60 who like loose, comfortable clothes. Then, management was tempted to stock its stores with clothes for a younger population...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT