Table 14-4 Cuthbert Wylinghauser Is a Scheduler of Transportation for the State

question 103

Multiple Choice

Table 14-4
Cuthbert Wylinghauser is a scheduler of transportation for the state of Delirium.This state contains three cities: Chaos (C1) , Frenzy (C2) , and Tremor (C3) .A transition matrix, indicating the probability that a resident in one city will travel to another, is given below.Cuthbert's job is to schedule the required number of seats, one to each person making the trip (transition) , on a daily basis.
C F T
Transition matrix:

π(0) = [100, 100, 100]
-Using the data given in Table 14-4, what is the equilibrium travel population of Chaos (rounded to the nearest whole person) ?

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Definitions:

Earnings Retention Ratio

The earnings retention ratio, also known as the plowback ratio, measures the percentage of net earnings a company retains to reinvest in the business, as opposed to distributing to shareholders as dividends.

Plowback Ratio

A metric indicating the proportion of earnings retained by a company for reinvestment in its operations, rather than distributed to shareholders as dividends.

Dividend Growth Rate

The annualized percentage rate of growth of a company's dividend payments, indicating how quickly the dividend payments have grown over a specific period.

Expected ROE

The anticipated return on equity, calculated based on expected future earnings divided by shareholders' equity.