=14-20 In Section 14.7, we investigated an accounts receivable problem. How would the paid category and the

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=14-20 In Section 14.7, we investigated an accounts receivable problem. How would the paid category and the bad debt category change with the following matrix of transition probabilities?

P =

1 000 0 1 0 0 0 7 0 0 2 0 1 04 02 02 02

. . .

....

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Quantitative Analysis For Management

ISBN: 9789332578692

12th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

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