Solved

Find the Requested Long-Range Probabilities Based on the Transition Matrix [.2440.4210.3350][.2440 .4210 .3350]

Question 182

Multiple Choice

Find the requested long-range probabilities based on the transition matrix or data given.
-Each week a sales manager classifies her sales people as low, medium, or high producers. The probabilities that a worker will move from a given category to any other category are given by the transition matrix below. Find the long-range trend for the proportion of low, medium, and high producers.
 Find the requested long-range probabilities based on the transition matrix or data given. -Each week a sales manager classifies her sales people as low, medium, or high producers. The probabilities that a worker will move from a given category to any other category are given by the transition matrix below. Find the long-range trend for the proportion of low, medium, and high producers.    A)   [.2440 .4210 .3350]  B)   [.2343 .3472 .4185]  C)   [.4366 .3472 .2161]  D)   [.1951 . 3688 .4366]


A) [.2440.4210.3350][.2440 .4210 .3350]
B) [.2343.3472.4185][.2343 .3472 .4185]
C) [.4366.3472.2161][.4366 .3472 .2161]
D) [.1951[.1951 . 3688 .4366]

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents