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Assume that there are three social classesupper, middle, and lowerand that social mobility behaves as follows: 1. Of the children of upper-class parents, 70% remain
Assume that there are three social classesupper, middle, and lowerand that social mobility behaves as follows: 1. Of the children of upper-class parents, 70% remain upper-class, whereas 10% become middleclass and 20% become lower-class. 2. Of the children of middle-class parents, 80% remain middle-class, whereas the others are evenly split between the upper class and the lower class. 3. For the children of lower-class parents, 60% remain lower-class, whereas 30% become middleclass and 10% upper-class. a. Find the probability that the grandchild of lower-class parents becomes upper-class. b. Find the long-term breakdown of society into classes
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