Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 25 Mar 2018 My Price 4.00

auto insurance company

An auto insurance company classifies its customers in three categories: poor, satisfactory, and preferred. No one moves from poor to preferred or from preferred to poor in 1 year. 40% of the customers in the poor category become satisfactory, 30% of those in the satisfactory category move to preferred, while 10% become poor; 20% of those in the preferred category are downgraded to satisfactory. (a) Write the transition matrix for the model. (b) What is the limiting fraction of drivers in each of these categories?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Mar 2018 05:03 AM My Price 4.00

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