Heather C.

asked • 04/23/14

can someone help

1.  Suppose that in a town, everybody drives a Chevy, Ford or Honda.  A survey indicates that of the current Chevy 
drivers, 25% will buy a Ford and 30% will buy a Honda next time.  Of the current Ford drivers, 35% will buy a Chevy and 
15% will buy a Honda next time.  Of the current Honda drivers, 20% will buy a Chevy and 45% will buy a Ford next time. 
 
a.  What is the transition matrix for this problem?   
 
            C               F               H 
               
 
 
 
 
b.  If someone owns a Ford now, find the probability that his second car from now (not his next car, but the one 
after that) will be a Honda. 

1 Expert Answer

By:

John M. answered • 04/25/14

Tutor
4.9 (551)

Analytical assistance -- Writing, Math, and more

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.