If volume is high this week, then next week it will be high with a probability of 0.9 and low with a probability of 0.1.

glamrockqueen7

glamrockqueen7

Answered question

2021-09-24

If volume is high this week, then next week it will be high with a probability of 0.9 and low with a probability of 0.1.
If volume is low this week then it will be high next week with a probability of 0.5.
Assume that state 1 is high volume and that state 2 is low volume.
If the volume this week is high, what is the probability that the volume will be high two weeks from now?

Answer & Explanation

Bertha Stark

Bertha Stark

Skilled2021-09-25Added 96 answers

I hope my answer below will help you

Do you have a similar question?

Recalculate according to your conditions!

New Questions in High school probability

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?