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This Question: 1 pt [050602 P= 0.3 0.3 0.2 The weather in Columbus is either good, indifferent, or bad on any given day. If the
This Question: 1 pt [050602 P= 0.3 0.3 0.2 The weather in Columbus is either good, indifferent, or bad on any given day. If the weather is good today, there is a 50% chance it will be good tomorrow, a 30% chance it will be indifferent, and a 20% chance it will be bad. If the weather is indifferent today, there is a 60% chance it will be good tomorrow, and a 30% chance it will be indifferent. Finally, if the weather is bad today, there is a 20% chance it will be good tomorrow and a 20% chance it will be indifferent. The stochastic matrix for this situation is shown to the right. In the long run, how likely is it for the weather in Columbus to be indifferent on a given day? 0.2 0.1 0.6 In the long run, how likely is it for the weather in Columbus to be indifferent on a given day? 7.5 % (Round to the nearest integer as needed.)
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