Transition matrices and their applications
Matrices II
Further Mathematics: Units 3 and 4
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  What is a transition matrix?
  Application example
  Application example 2
  Application example 3
  How do we use transition matrices in real life?
  Application example 4
  I'm planning on being in business for more than one week!
  Making things easier
  Reaching a steady state
  Do I have to press all those buttons?
  Adding cars at the end of each week

This is the last video in this series for Matrices 1 and the Further Maths Units 3 and 4 course. Looking at how we can apply Matrices in a more real world sense, I take a look at transition matrices. Using examples from the Cambridge Further Maths textbook, I look at owning two car rental locations and the movement of cars between them. There are a number of worked examples which are fully explained with reference to the theory.
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vce maths year 12 maths grade 12 maths further maths further units 3 and 4 transition matrices and their applications transition matrices applications of matrices what is a transition matrix how do I use transition matrices real world matrices