The following data consists of a matrix of transition probabilities (P)of Accounting, Economics, Finance, and Management and the count of students in each major.Assume that each state represents a major and the transition probabilities represent changes from one major to the next after taking the introductory class in each discipline.It takes two semesters for students to finish taking all four introductory courses.
P = π(0)= (600, 50, 200, 250)
Determine the number of majors in each discipline at the end of two semesters.

Question

The following data consists of a matrix of transition probabilities (P)of Accounting, Economics, Finance, and Management and the count of students in each major.Assume that each state represents a major and the transition probabilities represent changes from one major to the next after taking the introductory class in each discipline.It takes two semesters for students to finish taking all four introductory courses.
P =  π(0)= (600, 50, 200, 250)
Determine the number of majors in each discipline at the end of two semesters.

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The Answer of The following data consists of a matrix of transition probabilities (P)of Accounting, Economics, Finance, and Management and the count of students in each major.Assume that each state represents a major and the transition probabilities represent changes from one major to the next after taking the introductory class in each discipline.It takes two semesters for students to finish taking all four introductory courses.
P =  π(0)= (600, 50, 200, 250)
Determine the number of majors in each discipline at the end of two semesters.

The Following Data Consists of a Matrix of Transition Probabilities