Solved

On Any Particular Day,an Individual Can Take One of Two

Question 32

Essay

On any particular day,an individual can take one of two routes to work.Route A has a 25% chance of being congested,whereas route B has a 40% chance of being congested.The probability of the individual taking a particular route depends on his previous day's experience.If one day he takes route A and it is not congested,he will take route A again the next day with probability 0.8.If it is congested,he will take route B the next day with probability 0.7.On the other hand,if he takes route B one day and it is not congested,he will take route B again the next day with probability 0.9.Similarly,if route B is congested,he will take route A the next day with probability 0.6.
a.Construct the transition matrix for this problem.(Hint: There are four states corresponding to the route taken and the congestion.The transition probabilities are products of the independent probabilities of congestion and next-day choice.)
b.What is the long-run proportion of time that route A is taken?

Correct Answer:

verifed

Verified

blured image ​ b.0.3...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents