A study shows the following one-generation transition probabilities among four major income groups. Eldest Son's Income...
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A study shows the following one-generation transition probabilities among four major income groups. Eldest Son's Income Father's Income Bottom 10% 10%-50% 50%-90% Top 10% Bottom 10% 0.47 0.35 0.17 0.01 10%-50% 0.07 0.5 0.39 0.04 50%-90% 0.05 0.33 0.48 0.14 Top 10% 0.01 0.1 0.32 0.57 In the long term, what percentage of male earners would you expect to find in each category? (Round your answers to two decimal plac bottom 10% 10%-50% 50%-90% top 10% % % % % A study shows the following one-generation transition probabilities among four major income groups. Eldest Son's Income Father's Income Bottom 10% 10%-50% 50%-90% Top 10% Bottom 10% 0.47 0.35 0.17 0.01 10%-50% 0.07 0.5 0.39 0.04 50%-90% 0.05 0.33 0.48 0.14 Top 10% 0.01 0.1 0.32 0.57 In the long term, what percentage of male earners would you expect to find in each category? (Round your answers to two decimal plac bottom 10% 10%-50% 50%-90% top 10% % % % %
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