Assume that we start with state 1, what is the probability matrix of the system being in state A or B in period 3 given the system started in state B?

A Markov process for two states has the following transition matrix:

A B
A 0.35 0.65
B 0.42 0.58


Answer: 0.3955; 0.6045

Business

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If a video game manufacturer required its resellers to stock a line of games based on the financially-disappointing movie War of the Worlds in order to carry games based on the very popular TV show Survivor, it would be an example of:

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The ending balance of Work in Process account is compared with the total costs shown on the job order cost cards to ensure correctness

Indicate whether the statement is true or false

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Which of the following is NOT a way of overcoming change?

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Business