A graduate school offers a 5-year Ph.D. program in mathematics. Its records show a (50 %) attrition
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A graduate school offers a 5-year Ph.D. program in mathematics. Its records show a \(50 \%\) attrition rate between the first and second years, \(40 \%\) between the second and third, \(10 \%\) between the third and fourth, \(10 \%\) between the fourth and fifth, and also \(10 \%\) of those who reach their fifth year fail to receive their degrees. Model this phenomenon as a Markov chain, and find the probabilities that an entering student, a beginning second-year, third-year, fourth-year, and fifth-year student will successfully complete their degree.
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Introduction To The Mathematics Of Operations Research With Mathematica
ISBN: 9781574446128
1st Edition
Authors: Kevin J Hastings
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