[Step-by-Step] Harry and the comely young lady. Harry, the famous restaurateur has his eye on a comely young lady, whom he originally spotted at a high cholesterol
Question: Harry and the comely young lady. Harry, the famous restaurateur has his eye on a comely young lady, whom he originally spotted at a high cholesterol cooking course. However, during the course Harry never had the courage to introduce himself as a famous restaurateur. The young lady eats lunch regularly on Optima Street where Harry’s restaurant is located and Harry, quite smitten with her, observes that she visits the 4 restaurants on the street labeled 0,1,2, and 3, according to the Markov transition matrix
\[P=\left[ \begin{matrix} 0.1 & 0.2 & 0.7 & 0 \\ 0.2 & 0.3 & 0.3 & 0.2 \\ 0.3 & 0.1 & 0.1 & 0.5 \\ 0.4 & 0.3 & 0.2 & 0.1 \\ \end{matrix} \right]\]Harry’s restaurant is labeled 0 and the hated sprouts bar across the street is labeled 3. Assume initially she is equally likely to visit any of the 4 restaurants.
- What is the probability she visits Harry’s before the hated sprouts bar?
- What is the expected waiting time until she visits Harry’s for the first time?
- What is the expected waiting time between two visits to Harry’s?
Deliverable: Word Document 