Macquarie's actuarial program is generally regarded as better because it's been operating for much longer. UNSW has only had it for roughly 5 years if I'm not mistaken.
Yeah, 2nd year Actuarial/Maths. I say our UNSW Maths faculty rules supreme though.
I could be wrong, I didn't think too hard about it. Our answers could be the same anyway. One is decimal, one is fraction, I can't be bothered to check.
Basically my method:
There are 10 states.
My notation is as follows:
STATE : COWBOYS ALIVE (COWBOY CURRENTLY SHOOTING)
0 : 1, 2, 3 (1)
1 : 1, 2 ,3 (2)
2 : 1, 2 ,3 (3)
3 : 1, 2 (1)
4 : 1, 2 (2)
5 : 1, 3 (1)
6 : 1, 3 (3)
7 : 1
8 : 2
9 : 3
It is not possible to have a state where cowboy 1 is dead, and cowboys 2 and 3 are alive.
Basically, certain states feed into other states.
From state 0 we can go to state 1 (p = 2/3) or state 4 (p = 1/3), and so on with various probabilities for various states.
Eventually we end up in state 7, 8, or 9, and are stuck there. The state is called recurrent. We can't get back out.
So I created the Markov Matrix, denoted by M, and then calculated M^1000 in MATLAB. (basically M^n as n approaches infinity).
Next, I looked at the probabilities of being in state 7, 8, or 9 after "1000 turns" (ie. 1000 bullets are shot) given you started in state 0 as the question specified.
That's how I got those decimal answers.
1000 turns will be more than accurate enough for an answer to 4 decimal places.
Alternatively, I could have calculated fraction answers by hand if I wished to find the limiting probabilities of states, but by that time I was bored and decided MATLAB would do the job.
Of course, this will largely make absolutely no sense to year 12 NSW students since matrixes aren't in the syllabus (yet!).
Disclaimer: I could quite easily have made a mistake.
I didn't double check any figures I put into my matrix, etc.