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A car-insurance company classifies drivers in three categories: bad, neutral and good. The reclassification is done in January of each year and the probabilities for
A car-insurance company classifies drivers in three categories: bad, neutral and good. The reclassification is done in January of each year and the probabilities for transitions between different categories is given by P = 1/2 1/2 0 1/5 2/5 2/5 1/5 1/5 3/5 When the company started in 2020, there were 1400 drivers in each class. What is the expected number of drivers in each class in 2022
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