Given the following vector of state probabilities and the accompanying matrix of transition probabilities calculate:Which store will have the largest gain in market share over the next two time periods?

Complete the following task:

QUESTIONS:

Problem

Given the following vector of state probabilities and the accompanying matrix of transition probabilities calculate:

a) Which store will have the largest gain in market share over the next two time periods?

b) What is that gain ?

Problem 9

Given the information shown below, calculate the price of the house that has 1,000 square feet and is 35 years old.

Problem 10
a) Find the Value : (Coefficient of correlation: the age and the square footage)
b) Interpretation:

-1 to -0.75: very strong negative correlation
-0.749 to – 0.5: somewhat strong negative correlation
-0.499 to -0.25: somewhat weak negative correlation
-0.249 to 0: weak negative correlation
0.001 to 0.2499: weak positive correlation
0.25 to 0.4999: somewhat weak positive correlation
0.5 to 0.7499: somewhat strong positive correlation
0.75 to 1: very strong positive correlation

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