Voting trends: At the end of June in a presidential election year, 40% of the voters were registered as liberal, 45% as conservative and 15% as independent. Over a one- month period, the liberals retained 80% of their constituency, while 15% switched to conservative and 5% to independent. The conservatives retained 70% and lost 20% to the liberals. The independents retained 60% and lost 20% each to the conservatives and liberals. Assume that these trends continue. a. Write a transition matrix using above information. b. What would be the probability vector for the initial distribution. . . . BIUAE Format Page 6 of 7 Previous Page Next Page IX O Hom F2 F3 F4 F5 F6 F7 F8 $ % A & 4 5 6 R