Participants Eligible for a Retraining Program Can Be in One

question 53

Multiple Choice

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) . Approximately how many people will end up being discharged?

• A) 10
• B) 15
• C) 40
• D) 55
• E) 60

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Definitions:

Entrepreneurial System

An economic framework where businesses are initiated and managed by individual or collective entrepreneurs, aiming to earn profit and innovate within a market.

Salaried Practices

Employment situations where professionals, such as doctors, are paid a fixed salary rather than being compensated based on the volume of services they provide.

Government Control

involves regulations and policies implemented by governmental bodies to manage and govern society, often affecting individuals and organizations.