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i) Markov process is a sequence of events in which the probability of occurrence for one event depends upon the preceding event. It is time-based process. For example a patients state today depends on previous days state
ii) Cyclic chain is one that repeats itself in a deterministic manner. The transition matrix has one?s in two or more rows that form a closed path among cycle states. Example is a machine operation that repeats itself
iii) Absorbing state is one that cannot be left once entered. It has a transition probability of one to itself and zero to other states. Example includes the payment of a bill, sale of a capital asset or termination of an employee
iv) State transition matrix is a rectangular array that summarises the transition probabilities for a given Markov process. Transition probabilities are the probabilities of occurrence of each event depending on the state of the generator
v) Steady state is the condition that in the long run period of time a system settles or stabilizes to.
Wilfykil answered the question on February 20, 2019 at 10:04
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Date posted: February 20, 2019. Answers (1)
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Caterpillar Company Ltd. produces generators and drilling engines. The revenue function that describes total revenue for sales in a particular quarter of these engines is given by:
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y – number of drilling engines in thousands.
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Date posted: February 20, 2019. Answers (1)
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Required:
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Date posted: February 20, 2019. Answers (1)
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Required:
i) Determine the critical path.
ii) Determine the minimum time and minimum cost for the networks.
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Date posted: February 20, 2019. Answers (1)
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Due to hard economic times and restriction by City Council, sales...(Solved)
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Date posted: February 20, 2019. Answers (1)
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ii) Saddle point.
iii) Strategy.
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Date posted: February 20, 2019. Answers (1)
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Required:
i) Formulate the linear programming problem into standard form for input to the computer spreadsheet
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Date posted: February 20, 2019. Answers (1)
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Date posted: February 20, 2019. Answers (1)
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Date posted: February 20, 2019. Answers (1)
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A research studying the role of stress and its implication on personal life in respect of job change over by low cadre staff, came up with the following data. It relates to 30 firms over 3-year period
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Date posted: February 20, 2019. Answers (1)
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Date posted: February 20, 2019. Answers (1)
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Given the following distribution of wages for 500 technicians in motor companies in industrial area.
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iii) Between KSh 5,000 and KSh 6,000
Date posted: February 20, 2019. Answers (1)
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iv) Equally likely events
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iii) Collective exhaustive events
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Date posted: February 20, 2019. Answers (1)
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A survey by Marketing Society here in Kenya found out the following buying habits of household air conditioners considered a luxury.
Required:
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Date posted: February 20, 2019. Answers (1)
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iii) Quartile deviation.(Solved)
Define the following terms as used in measures of dispersion:
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ii) Coefficient of skewness.
iii) Quartile deviation.
Date posted: February 20, 2019. Answers (1)
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Three industries, packaging P, Bakery B, and Flour F are related with the intermediate demand matrix below.
Required:
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Date posted: February 20, 2019. Answers (1)
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ii) Technical coefficients.
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Date posted: February 20, 2019. Answers (1)
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Lillian Wambugu is the project manager of Jokete Construction Company. The company is bidding a contract to install telephone lines in a small town. It has identified the following activities along with their predecessor restrictions, expected times and worker requirements:
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Required:
i) Draw a network for the project.
ii) Determine the critical path and the shortest project duration.
iii) Lillian Wambugu will assign a fixed number of workers to the project for its entire duration and so she would like to ensure that the minimum number of workers is assigned and that the project will be completed in 14 weeks. Draw a schedule showing how the project will be completed in 14 weeks
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Date posted: February 20, 2019. Answers (1)
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Date posted: February 20, 2019. Answers (1)