Find the measurement scale

2. (15 pts) Consider a Markov chain { Xn } with state space S = {0, 1, 2} and transition matrix and transition matrix P = O ON/H HN/H O (1) Let the mapping f : S - S satisfy f(0) = 0 and f(2) = 1 and assume that f(1) # f(2). If Yn = f(Xn), then when is { Yn } a Markov chain? Is {Yn } always a Markov chain? In other words, are functions of Markov chains always Markov chains?A professor records the majors of her 30 students as follows: Accounting Economics Undecided Finance Management Management Finance Marketing Economics Management Marketing Finance Marketing Accounting Finance Finance Undecided Management Undecided Economics Economics Accounting Management Undecided Economics Accounting Economics Management Accounting Economics Click here for the Excel Data File a. What is the measurement scale of these data? O Interval O Ordinal O Nominal O Ratio b. Summarize the results in tabular form. Major Number of students 5 Accounting Economics 5 Finance 3 Marketing Management Undecided NextExercise 1-20 Static 10 A professor records the majors of her 30 students as follows: 2.5 Accounting Economics Undecided Finance Management points Management Finance Marketing Economica Management Marketing Finance Marketing Accounting Finance Finance Undecided Management Undecided Economica Economics Accounting Management Undecided Economics Accounting Economics Management Accounting Economics PBook Click here for the Excel Data File a. What is the measurement scale of these data? References O Interval O Ordinal O Nominal O Ratio b. Summarize the results in tabular form. Major Number of students Accounting Economics Finance MarketingFigure 1.2 4.0 Grades in Economics (G.P.A) 4.0 Grades in English (G.P.A) The PPC in Figure 1.2 indicates a student who: a. is equally proficient in Economics and English. b. is more proficient at Economics than English c. prefers Economics over English. d. is more proficient at English than Economics. e. prefers English over Economics.differentiates between positive and normative economics? gments, whereas normative economics is not. t people ought to do, whereas normative economics describes what people actually do whereas normative economics is advisory. pplied to microeconomics, whereas normative economics can be applied to both microecono