Mr. Redding sells vehicles to 20% of the people that come to the sales lot. If 65 people came to the lot last month, how many ve
2 answers:
You might be interested in
Answer:
S = [0.2069,0.7931]
Step-by-step explanation:
Transition Matrix:
Stationary matrix S for the transition matrix P is obtained by computing powers of the transition matrix P ( k powers ) until all the two rows of transition matrix p are equal or identical.
Transition matrix P raised to the power 2 (at k = 2)
Transition matrix P raised to the power 3 (at k = 3)
Transition matrix P raised to the power 4 (at k = 4)
Transition matrix P raised to the power 5 (at k = 5)
P⁵ at k = 5 both the rows identical. Hence the stationary matrix S is:
S = [ 0.2069 , 0.7931 ]