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Find the Requested Long-Range Probabilities Based on the Transition Matrix [.2440.4210.3350][.2440 .4210 .3350]

Question 48

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.
 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)   [.2440 .4210 .3350]  B)   [.2343 .3472 .4185]  C)   [.4366 .3472 .2161]  D)   [.1951 . 3688 .4366]


A) [.2440.4210.3350][.2440 .4210 .3350]
B) [.2343.3472.4185][.2343 .3472 .4185]
C) [.4366.3472.2161][.4366 .3472 .2161]
D) [.1951[.1951 . 3688 .4366]

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