Multiple Choice
Find the requested long-range probabilities based on the transition matrix or data given.
-Each week a sales manager classifies her sales people as low, medium, or high producers. The probabilities that a worker will move from a given category to any other category are given by the transition matrix below. Find the long-range trend for the proportion of low, medium, and high producers.
A)
B)
C)
D) . 3688 .4366]
Correct Answer:

Verified
Correct Answer:
Verified
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