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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 lower-class (L), middle-class (M), or upper-class (U). It is asserted that the income class of a person is mostly determined by the income class of his parents. In an experiment, 1,000 individuals were studied for their changes in income class from one generation to the next: 220 were from L class, 650 from M, and 130 from U. The individuals from L class had the following children: 327 in L class, 137 in M, and 63 in U. The individuals from M class had 158 children in L class, 756 in M, and 215 in U. The individuals from U class had 19 children in L class, 59 in M, and 96 in U. Use Markov chains based analysis to answer the following questions.
c) Based on the distribution of income classes for 1,000 individuals from the original dataset (22%L,65%M,13%U), find the distribution of income classes for their grandchildren. (10)
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