Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following matrix gives occupational tion probab (initial generation) nonfarming farming. 0.2 nonfarming (next generation) 0.8 farming (a) If the father is a farmer,
The following matrix gives occupational tion probab (initial generation) nonfarming farming. 0.2 nonfarming (next generation) 0.8 farming (a) If the father is a farmer, what is the probability that the son will be a farmer? (b) If there are 15,000 in the nonfarming category and 2,000 in the farming category at a certain time, what will the distribution be one generation after the initial generation? What will the distribution be four generations after the initial generation? (c) If a man is a farmer, what is the probability that his grandson will not be a farmer?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started