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Say there are two states for students: UNC and other schools. The probability for a student staying at UNC is 60%. The probability of a
Say there are two states for students: UNC and other schools. The probability for a student staying at UNC is 60%. The probability of a student coming to UNC from another school is 45%.
Find the transition matrix where state 1 is UNC and state 2 another school.
Then set and solve the system of equations that would be the long-run proportion of being in each state, that is the proportion of students who stay at UNC vs other schools.
Find the transition matrix where state 1 is UNC and state 2 another school.
Then set and solve the system of equations that would be the long-run proportion of being in each state, that is the proportion of students who stay at UNC vs other schools.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
