Chapter 3: Problem 53
Is it possible for \(a 2 \times 3\) matrix to equal a \(3 \times 2\) matrix? Explain.
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Chapter 3: Problem 53
Is it possible for \(a 2 \times 3\) matrix to equal a \(3 \times 2\) matrix? Explain.
These are the key concepts you need to understand to accurately answer the question.
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What would it mean if the total output figure for a particular sector of an input-output table were equal to the sum of the figures in the row for that sector?
What would it mean if the total output figure for a particular sector of an input-output table were less than the sum of the figures in the row for that sector?
The Left Coast Bookstore chain has two stores, one in San Francisco and one in Los Angeles. It stocks three kinds of book: hardcover, softcover, and plastic (for infants). At the beginning of January, the central computer showed the following books in stock: $$ \begin{array}{|r|c|c|c|} \hline & \text { Hard } & \text { Soft } & \text { Plastic } \\ \hline \text { San Francisco } & 1,000 & 2,000 & 5,000 \\ \hline \text { Los Angeles } & 1,000 & 5,000 & 2,000 \\ \hline \end{array} $$ Suppose its sales in January were as follows: 700 hardcover books, 1,300 softcover books, and 2,000 plastic books sold in San Francisco, and 400 hardcover, 300 softcover, and 500 plastic books sold in Los Angeles. Write these sales figures in the form of a matrix, and then show how matrix algebra can be used to compute the inventory remaining in each store at the end of January.
Find: (a) the optimal mixed row strategy; (b) the optimal mixed column strategy, and (c) the expected value of the game in the event that each player uses his or her optimal mixed strategy. $$ P=\left[\begin{array}{rr} -1 & -2 \\ -2 & 1 \end{array}\right] $$
Population Movement In 2006, the population of the United States, broken down by regions, was \(55.1\) million in the Northeast, \(66.2\) million in the Midwest, \(110.0\) million in the South, and \(70.0\) million in the West. \({ }^{14}\) The matrix \(P\) below shows the population movement during the period \(2006-2007\). (Thus, \(98.92 \%\) of the population in the Northeast stayed there, while \(0.17 \%\) of the population in the Northeast moved to the Midwest, and so on.) $$ \left.\begin{array}{ccccc} & \text { To } & \text { To } & \text { To } & \text { To } \\ & \text { NE } & \text { MW } & \text { S } & \text { W } \\ \text { From NE } & 0.9892 & 0.0017 & 0.0073 & 0.0018 \\ \text { P }= & \text { From MW } & 0.0010 & 0.9920 & 0.0048 & 0.0022 \\ \text { From S } & 0.0018 & 0.0024 & 0.9934 & 0.0024 \\ \text { From W } & 0.0008 & 0.0033 & 0.0045 & 0.9914 \end{array}\right] $$ Set up the 2006 population figures as a row vector. Then use matrix multiplication to compute the population in each region in 2007 . (Round all answers to the nearest \(0.1\) million.)
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