If the APY of savings account is 4.7% and if the principal in the savings account is $4500 for an entire year what will the bala
2 answers:
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Answer:
A) distribution of x2 = ( 0.4167 0.25 0.3333 )
B) steady state distribution =
Step-by-step explanation:
Hello attached is the detailed solution for problems A and B
A) distribution states for A ,B, C:
Po = ( 1/3, 1/3, 1/3 ) we have to find the distribution of x2 as attached below
after solving the distribution
x 2 = ( 0.4167, 0.25, 0.3333 )
B ) finding the steady state distribution solving
below is the detailed solution and answers
