Qtext:- In a ride-sharing app, users can choose between Economy, Premium, or Luxury rides. People mostly pick Economy for short trips 80% of the
Qtext:- "In a ride-sharing app, users can choose between Economy, Premium, or Luxury rides. People mostly pick Economy for short trips 80% of the time, while Premium is preferred for longer trip, more comfortable rides like going to the airport 70% of the time. Luxury rides, known for their extravagance, are also preferred 30% of the time by few customers for longer trips. After using the app, 60% of users who initially chose an Economy ride decide to upgrade to a Premium ride for their next trip, while 40% continue with the Economy option. Similarly, 75% of users who initially choose a Premium ride opt to continue with Premium for their subsequent rides. However, 20% of them decide to switch to the Luxury category for special occasions, while 5% switch to Economy for shorter trips. For users who select the Luxury category initially, 90% stay with Luxury for their future rides, while 10% occasionally choose Premium for more cost-effective luxury. [2+5 = 7 Marks] a. Construct the Markov Model by extracting the transition and emission probability matrices from above pattern. Depict them with neat diagrams in addition to tabular representation. Assume equal likelihood for initial state.
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