Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please solve this question quickly? 2. Aye goes to a shopping mall to buy some new shoes, where the shoes she will buy

image text in transcribed

Can you please solve this question quickly?

2. Aye goes to a shopping mall to buy some new shoes, where the shoes she will buy is in Shop- 5 . The plan of the mall with 5 shops is pictured in Figure 1 . Of course she is attracted to some other products so the following probabilities are observed during Aye's mall visit. - When she is in shop 1 , the prob. she will move to shop 2 is 0.3 , to shop 3 is 0.2 , and to shop 4 is 0.1 . - A visitor in shop 2 will move to shops 1,4 or 5 with probabilities of 0.2,0.6 and 0.1 , respectively. - A visitor in shop 3 always goes to shop 4 . - A visitor in shop 4 will move to shops 1,2,3 and 5 with probabilities of 0.1,0.1,0.4 and 0.3 , respectively. - When Aye visits shop 5, she buys the shoes and leaves the mall. Express the situation as a Markov Chain and find the expected number of shop visits of Aye before she buys the shoes (entrance to the mall is at Shop-1). If she spends 500TL in every shop visit (other than the shoe shop) and the price of the shoes are 250TL, what is the expected expense of Aye in the mall visit? 2. Aye goes to a shopping mall to buy some new shoes, where the shoes she will buy is in Shop- 5 . The plan of the mall with 5 shops is pictured in Figure 1 . Of course she is attracted to some other products so the following probabilities are observed during Aye's mall visit. - When she is in shop 1 , the prob. she will move to shop 2 is 0.3 , to shop 3 is 0.2 , and to shop 4 is 0.1 . - A visitor in shop 2 will move to shops 1,4 or 5 with probabilities of 0.2,0.6 and 0.1 , respectively. - A visitor in shop 3 always goes to shop 4 . - A visitor in shop 4 will move to shops 1,2,3 and 5 with probabilities of 0.1,0.1,0.4 and 0.3 , respectively. - When Aye visits shop 5, she buys the shoes and leaves the mall. Express the situation as a Markov Chain and find the expected number of shop visits of Aye before she buys the shoes (entrance to the mall is at Shop-1). If she spends 500TL in every shop visit (other than the shoe shop) and the price of the shoes are 250TL, what is the expected expense of Aye in the mall visit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management The Managerial Process

Authors: Erik Larson, Clifford Gray

6th edition

1259186407, 978-0078096594, 78096596, 978-1259186400

More Books

Students also viewed these General Management questions