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The Registrar of a Law School Has Compiled the Following

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The registrar of a law school has compiled the following statistics on the progress of the school's students working toward the LLB degree: Of the first-year students in a particular year, 85% successfully complete their course of studies and move on to the second year, whereas 15% drop out of the program; of the second-year students in a particular year, 92% go on to the third year, whereas 8% drop out of the program; of the third-year students in a particular year, 98% go on to graduate at the end of the year, whereas 2% drop out of the program.

Construct the transition matrix associated with the Markov process.

Please round the answers to the nearest thousandth, if necessary.
The registrar of a law school has compiled the following statistics on the progress of the school's students working toward the LLB degree: Of the first-year students in a particular year, 85% successfully complete their course of studies and move on to the second year, whereas 15% drop out of the program; of the second-year students in a particular year, 92% go on to the third year, whereas 8% drop out of the program; of the third-year students in a particular year, 98% go on to graduate at the end of the year, whereas 2% drop out of the program. ​ Construct the transition matrix associated with the Markov process. ​ Please round the answers to the nearest thousandth, if necessary. ​   ​ Find the steady-state matrix. ​   ​ Determine the probability that a beginning law student enrolled in the program will go on to graduate.
Find the steady-state matrix.
The registrar of a law school has compiled the following statistics on the progress of the school's students working toward the LLB degree: Of the first-year students in a particular year, 85% successfully complete their course of studies and move on to the second year, whereas 15% drop out of the program; of the second-year students in a particular year, 92% go on to the third year, whereas 8% drop out of the program; of the third-year students in a particular year, 98% go on to graduate at the end of the year, whereas 2% drop out of the program. ​ Construct the transition matrix associated with the Markov process. ​ Please round the answers to the nearest thousandth, if necessary. ​   ​ Find the steady-state matrix. ​   ​ Determine the probability that a beginning law student enrolled in the program will go on to graduate.
Determine the probability that a beginning law student enrolled in the program will go on to graduate.


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