Refer to the following hypothetical transitional matrix for an auto parts manufacturer. How many credits specialists employed in 2001 were promoted to the category of loan officers in 2004?
A)70%
B)20%
C)5%
D)50%
E)90%

Question

Refer to the following hypothetical transitional matrix for an auto parts manufacturer.  How many credits specialists employed in 2001 were promoted to the category of loan officers in 2004?
A)70% 
B)20% 
C)5% 
D)50% 
E)90%

Quizplus · Accepted Answer

Of the total credit specialists employed in 2001, 20% were promoted to the position of loan officer in 2004.

Refer to the Following Hypothetical Transitional Matrix for an Auto