Lulu is a surfer who lives in Conway, South Carolina. Through experience, she has determined the transition
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Lulu is a surfer who lives in Conway, South Carolina.
Through experience, she has determined the transition probabilities for surf conditions from any one day to the next at nearby North Myrtle Beach:
Determine the equilibrium probabilities of good, fair, and poor surf conditions. What does this tell you about surfing conditions in general at North Myrtle Beach?
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Related Book For 
Quantitative Analysis For Management
ISBN: 9781292217659
13th Global Edition
Authors: Barry Render, Ralph M. Stair, Michael Hanna, Trevor Hale
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