From Data Compiled Over a 10-Yr Period by Manpower, Inc

question 23

Essay

From data compiled over a 10-yr period by Manpower, Inc., in a statewide study of married couples in which at least one spouse was working, the following transition matrix was constructed. It gives the transitional probabilities for one and two wage earners among married couples. At the present time, 48% of the married couples (in which at least one spouse is working) have one wage earner, and 52% have two wage earners. Assuming that this trend continues, what will be the distribution of one- and two-wage earner families among married couples in this area 10 years from now? Over the long run?
Please round the answers to one decimal place.
Percentage of one-wage earner families among married couples 10 years from now is __________%
Percentage of two-wage earner families among married couples 10 years from now is __________%
Percentage of one-wage earner families among married couples over the long run is __________%
Percentage of two-wage earner families among married couples over the long run is __________%

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Definitions:

Complex Problem-solving

The process of addressing multifaceted and intricate issues that do not have straightforward solutions.

Traits Importance

emphasizes the significance of individual characteristics or qualities in influencing outcomes, such as behavior or performance.

Motivation Role

pertains to the function of motives in driving individuals' actions towards achieving goals.

Environmental Influence

Environmental Influence is the impact that surroundings have on an individual's behavior, decisions, and well-being.