In Markov Analysis,we Are Concerned with the Probability That the

question 9

Multiple Choice

In Markov analysis,we are concerned with the probability that the

• A)state is part of a system.
• B)system is in a particular state at a given time.
• C)time has reached a steady state.
• D)transition will occur.

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Definitions:

Capacity

refers to the maximum level of output that a company can sustain to produce goods or services under normal working conditions.

Retention Ratio

This metric indicates the percentage of net income a firm retains to reinvest in its business rather than distributing to shareholders as dividends.

Dividend Payout Ratio

The fraction of earnings a company pays out to its shareholders in the form of dividends.