Participants Eligible for a Retraining Program Can Be in One

question 51

Essay

Participants eligible for a retraining program can be in one of four states:
A - not in the training program
B - discharged
C - in training
D - employed
You are given the following transition matrix and the fundamental matrix. $$\begin{array} { r r r r r } & \mathrm { A } & { \text { B } } & \text { C } & \text { D } \\\hline \mathrm { A } & .1 & .6 & .3 & 0 \\\mathrm {~B} & 0 & 1.0 & 0 & 0 \\\mathrm { C } & .2 & .2 & .5 & .1 \\\mathrm { D } & 0 & 0 & 0 & 1.0\end{array}$$
$$\begin{array} { c c c } & \mathrm { A } & \mathrm { C } \\\hline \mathrm { A } & 1.28 & 0.77 \\\mathrm { C } & 0.51 & 2.31\end{array}$$
Assume that there were initially 10 people not in the training program (State
A) and 60 people who were in the training program (State
C). How many people will end up being discharged, and how many people will be employed?

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Definitions:

Interest Payment

Interest Payment is the payment made to a lender by a borrower, representing the charge for the privilege of borrowing money.

Current Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its current assets.

Interest Bearing

A term indicating that a financial instrument or account accrues interest over time, such as a loan, bond, or savings account.

Note Payable

A written promise to pay a certain amount of money on a specific future date, representing a liability for the issuer.