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Consider a variable, , that follows the process For the first three years, and ; for the next three years, and . If the initial value of the variable is 5, what is the probabili…

Consider a variable, , that follows the process For the first three years, and ; for the next three years, and . If the initial value of the variable is 5, what is the probabili…
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Consider a variable, , that follows the process For the first three years, and ; for the next three years, and . If the initial value of the variable is 5, what is the probability distribution of the value of the variable at the end of year six?

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User Brian Knoblauch
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1 Answer

6 votes

Answer:

N (20, 75)

Explanation:

Explanation described in the attached document.

Consider a variable, , that follows the process For the first three years, and ; for-example-1
Consider a variable, , that follows the process For the first three years, and ; for-example-2
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User Jkyadav
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