What are the steady-state probabilities of the system being in the running state and in the down state?

Discuss the issue of uncompensated care (the uninsured) in the U.S. and its impact on the health care system, the cost of care, and on health. Discuss the history of the trend, describe the extent of uninsured care, and the current status of this problem.
June 30, 2020
Using the Internet or the Argosy University online library resources, research different projects or initiatives that could be implemented in the business areas covered by the program you are registered in (Master of Science in Management [MSM], Master of Science in Organizational Leadership [MS_OL], Master of Science in Non-Profit Management [MS_NPM], or Master of Science in Human Resource Management [MS_HRM]). Read through the final LASA project (Module 5) and identify an appropriate project or initiative on which to complete the LASA project. Create a 4- to 5-page research paper that includes: An explanation of the initiative, its mission, its vision, its core beliefs and culture, and its social responsibility commitment, if applicable. A comprehensive venture description, including the industry in which it will be participating, the type of organization it will be, the needs to be satisfied by this initiative, the strategic advantage it has, and the legal structure it will take. A justification of the choice of this initiative for your final project. (You can use what you have learned throughout the program.) A description of the research methods used to assess the feasibility of this opportunity (e.g., surveys or statistics), including a succinct strengths, weaknesses, opportunities, and threats (SWOT) analysis, to address industry trends, environmental trends, the target audience, and the competition.
June 30, 2020

What are the steady-state probabilities of the system being in the running state and in the down state?

3. The computer center at Rockbottom University has been experiencing computer down- time. Let us assume that the trials of an associated Markov process are defined as one-hour periods and that the probability of the system being in a running state or a down state is based on the state of the system in the previous period. Historical data show the following transition probabilities: From Running To Down Running 0.90 0.10 Down 0.30 0.70 a. If the system is initially running, what is the probability of the system being down in the next hour of operation? b. What are the steady-state probabilities of the system being in the running state and in the down state? Solution: a) The probability of system being down in next hour of operation is 0.10. (From chart mentioned in the question)

3. The computer center at Rockbottom University has been experiencing computer down- time. Let us assume that the trials of an associated Markov process are defined as one-hour periods and that the probability of the system being in a running state or a down state is based on the state of the system in the previous period. Historical data show the following transition probabilities: From Running To Down Running 0.90 0.10 Down 0.30 0.70 a. If the system is initially running, what is the probability of the system being down in the next hour of operation? b. What are the steady-state probabilities of the system being in the running state and in the down state?
Solution: a) The probability of system being down in next hour of operation is 0.10. (From chart mentioned in the question)


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