Question
A physical-fitness center has found that, from those members who perform high-impact exercising on one visit, 20% will do the same on the next visit,
A physical-fitness center has found that, from those members who perform high-impact exercising on one visit, 20% will do the same on the next visit, while on those who perform low-impact exercising on one visit, 90% will do the same on the next visit. On the last visit, suppose 30% of members did high-impact exercising.
1. After two more visits, the percentage of members performing high-impact exercising will be:
2. The steady state percentage of members performing high-impact exercising will be:
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To answer these questions we can use a Markov chain model to represent the transitions between highimpact and lowimpact exercising on consecutive visi...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
