Table 14-6 The Following Data Consists of a Matrix of Transition Probabilities

question 12

Multiple Choice

Table 14-6
The following data consists of a matrix of transition probabilities (P) of four majors in the College of Business, and the initial proportion of students in each major π(0) .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.
P =

π(0) = (.4, .3, .2, .1)
-Using the data in Table 14-6, determine Major 1's estimated popularity after students have taken the first introductory course.

• A)0.425
• B)0.385
• C)0.365
• D)0.415

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Definitions:

Central Nervous System

The principal part of the nervous system, comprising the brain and the spinal cord, responsible for processing and sending out information.

Hardiness

A personal characteristic involving a set of three related personality traits: commitment, control, and challenge, which helps individuals cope with stress.

Sense of Control

Refers to an individual's belief in their capability to influence events and outcomes in their own life.

Muscle-strengthening Exercise

Physical activities designed to improve the strength, power, endurance, and size of skeletal muscles.