Table 14-3 The Following Data Consists of a Matrix of Transition Probabilities

question 44

Multiple Choice

Table 14-3
The following data consists of a matrix of transition probabilities (P) of three office locations (A,B,C) within a large company and how employees shift from one location to the other from year to year.The company CEO would like to understand the movement of employees over time and the long-run proportion of employees in each location.Assume that there is always a total of 3000 employees.
A B C
P = π(0) = [1000,1000,1000]
-Using the data given in Table 14-3,how many employees do we expect in location A one year from now?

• A)1000
• B)1400
• C)1500
• D)800
• E)700

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Definitions:

Gaseous State

One of the four fundamental states of matter, composed of particles that have neither a defined volume nor shape.

Shares Electrons

Refers to the covalent bonding between atoms, where electrons are shared between atoms to achieve a full outer shell and attain chemical stability.

Neutrons

Subatomic particles found within an atom's nucleus, possessing no electric charge and contributing to the atom's mass.

Protons

Protons are subatomic particles found in the nucleus of an atom with a positive electric charge.