A Markov chain has 3 possible states: 1, 2, and 3. Every hour, it makes a transition to a different state. From state 1, transit
ions to states 2 and 3 are equally likely. From state 2, transitions to states 1 and 3 are equally likely. From state 3, it always makes a transition to state 1. Find the steady-state distribution.
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Answer:
Step-by-step explanation:
Given : Let c represents the number of boxes of chocolate chip cookies and b represents the boxes for butter cookies.
Anna is selling boxes of chocolate chip cookies (c) for $6 each and boxes of peanut butter cookies (b) for $7 each.
i.e. Cost of 'c' chocolate chip cookies = 6c
Cost of b butter cookies = 7b
She must sell at least 30 boxes of cookies and at least $175 worth of cookies.
i.e.
Thus , the system of inequalities models this situation :