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Find out the ? value(which is state 2) A labour market survey follows a group of 50 Australian adults over a four year period. lnviduals

Find out the ? value(which is state 2)

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A labour market survey follows a group of 50 Australian adults over a four year period. lnviduals are classied as being in one of three states at any time: (1) full time employed: [2) fulltime study: (3) other. The individuals' initial state is recorded, as well as the details of every transition between states over the subsequent four yea rs. There is no censoring apart from the termination of the study after four years. A summary of the total time spent in each state (summed over all 50 respondents} is shown below [note that the time spent in state 2 is left blank. as it can be derived from the other information provided to you): Slate Total Years 1 80 2 ? 3 6? The numbers of transitions observed in the study. totalled over all 50 individuals. are shown below. From StateTa Stale Number of Transitions 2 18 3 25 'l 12 3 9 'l 21 2 5 (autumn)

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