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

question 17

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 two years from now?

• A)1000
• B)1400
• C)1420
• D)1500
• E)820

---

Definitions:

Victimless Crimes

Offenses lacking an identifiable victim; crimes where the perpetrator is not clearly causing direct harm to another person.

Illegal Gambling

Refers to the act of betting or wagering on outcomes that is not sanctioned or regulated by the legal framework of the jurisdiction.

Self-report Survey

A research method where participants provide data about themselves, usually through questionnaires.

Uniform Crime Reporting Survey

A statistical program that collects and reports data on crime in Canada, providing a comprehensive overview of criminal incidents and trends.