Question
//A bank classies loans as paid in full (F), in good standing (G), in arrears (A), or as a bad ``debt (D). Loans move between
//A bank classies loans as paid in full (F), in good standing (G), in arrears (A), or as a bad
``debt (D). Loans move between the categories according to the following transition probability:
P=
| F | G | A | D | |
| F | 1 | 0 | 0 | 0 |
| G | .16 | .9 | .16 | 0 |
| A | .1 | ,4 | .4 | .1 |
| D | 0 | 0 | 0 | 1 |
/FIND FRACTION OF LOANS IN /ARREARS !THAT WILL BE IN BAD DEBT bef0re paid in full?
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Quality Auditing A Tool For Excellence
Authors: David Mills, J. Mills
1st Edition
041245890X, 978-0412458903
