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Mathematics, 15.04.2021 20:10 rose3358

Shakira's concerts behave like a Markov chain. If the current concert gets cancelled, then there is an 80% chance that the next concert will be cancelled also. However, if the current concert does not get cancelled, then there is only a 60% chance that the next concert will be cancelled. What is the long-run probability that a concert will be cancelled

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Shakira's concerts behave like a Markov chain. If the current concert gets cancelled, then there is...
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