a) A study has determined that the occupation of a boy as an adult, depends upon the occupation of his father and is given by the following transition matrix, where P = professional, F = farmer, and L = laborer Father's occupation L P F 0.2] P [0.8 0.3 Son's occupation F 0.1 0.5 L [0.1 0.2 0.6] 0.2 Thus the probability that son of a professional will also be a professional is 0.8 and so on. i) What is probability that the grandchild of a professional will be a farmer? ii) In the long run, what proportions of the population will be former?
a) A study has determined that the occupation of a boy as an adult, depends upon the occupation of his father and is given by the following transition matrix, where P = professional, F = farmer, and L = laborer Father's occupation L P F 0.2] P [0.8 0.3 Son's occupation F 0.1 0.5 L [0.1 0.2 0.6] 0.2 Thus the probability that son of a professional will also be a professional is 0.8 and so on. i) What is probability that the grandchild of a professional will be a farmer? ii) In the long run, what proportions of the population will be former?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
Related questions
Question
100%
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
Recommended textbooks for you
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON