Question1: A motor insurance company puts policy holders into three categories: no discount on premiums (state 1) 25% discount on premiums (state 2) 50% discount on premiums (state 3) How many years...


car insurance: how many years does it take to get 50% discount .


plz solve it by Markov Chain



p(car ins.)=1/4.

Question1: A motor insurance company puts policy holders into three categories:<br>no discount on premiums (state 1)<br>25% discount on premiums (state 2)<br>50% discount on premiums (state 3)<br>How many years does it take to get 50% discount?<br>Solution:<br>3.<br>

Extracted text: Question1: A motor insurance company puts policy holders into three categories: no discount on premiums (state 1) 25% discount on premiums (state 2) 50% discount on premiums (state 3) How many years does it take to get 50% discount? Solution: 3.

Jun 10, 2022
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