Access over 20 million homework & study documents

2016 robert p dobrow introduction to stochastic processes with r solution manual wiley 1 pd 1

Content type
User Generated
Rating
Showing Page:
1/98

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/98

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/98

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 98 pages?
Access Now
Unformatted Attachment Preview
Instructor’s Solutions Manual for Introduction to Stochastic Processes with R by Robert P. Dobrow March 6, 2016 1 Chapter 1 1.1 For the following scenarios identify a stochastic process {Xt , t ∈ I}, describing (i) Xt in context, (ii) state space, and (iii) index set. State whether the state space and index set are discrete or continuous. b) Xt is the student’s status at the end of year t. State space (discrete): S = {Drop Out, Frosh, Sophomore, Junior, Senior, Graduate}. Index set (discrete): I = {0, 1, 2, . . .}. c) Xt is the magnitude for an earthquake which occurs at time t. State space (continuous): (0, 10). Index set (continuous): [0, ∞). d) Xt is the circumference of the tree at location t. State space (continuous): (0, ∞). Index set (continuous): [0, 2] × [0, 2]; or the x − y coordinates of a location in the arboretum. e) Xt is the arrival time of student t. State space (continuous): [0, 60]. Index set (discrete): {1, 2, . . . , 30}. f) Xt is the order of the deck of cards after t shuffles. State space (discrete): Set of all orderings of the deck (52! elements). Index set (discrete): {0, 1, 2, . . .}. 1.2 A regional insurance company insures homeowners against flood damage. Half of their policyholders are in Florida, 30% in Louisiana, and 20% in Texas. a) Let A be the event that a claim is filed for flood damage. Then P (A) = P (A|F )P (F ) + P (A|L)P (L) + P (A|T )P (T ) = (0.03)(0.50) + (0.015)(0.30) + (0.02)(0.20) = 0.0235. b) P (T |A) = P (A|T ) ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Really helpful material, saved me a great deal of time.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4