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Individuals are classified by income as lower - class ( L ) , middle - class ( M ) , or upper - class (
Individuals are classified by income as lowerclass L middleclass M or upperclass U It is asserted that the income class of a person is mostly determined by the income class of his parents. In an experiment, individuals were studied for their changes in income class from one generation to the next: were from class, from M and from U The individuals from L class had the following children: in L class, in M and in U The individuals from M class had children in L class, in M and in U The individuals from U class had children in L class, in M and in U Use Markov chains based analysis to answer the following questions.
c Based on the distribution of income classes for individuals from the original dataset find the distribution of income classes for their grandchildren.
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