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A study shows the following one-generation transition probabilities among four major income groups. Eldest Son's Income Father's Income Bottom 10% 10%-50% 50%-90% Top 10% Bottom 10% 0.45 0.32 0.21 0.02 10%-50% 0.07 0.49 0.4 0.04 50%-90% 0.04 0.3 0.48 0.18 Top 10% 0.01 0.1 0.3 0.59 In the long term, what percentage of male earners would you expect to find in each category? (Round your answers to two decimal places.) bottom 10% 10%-50% 50%-90% % top 10% %

A study shows the following one-generation transition probabilities among four major income groups. Eldest Son's Income Father's Income Bottom 10% 10%-50% 50%-90% Top 10% Bottom 10% 0.45 0.32 0.21 0.02 10%-50% 0.07 0.49 0.4 0.04 50%-90% 0.04 0.3 0.48 0.18 Top 10% 0.01 0.1 0.3 0.59 In the long term, what percentage of male earners would you expect to find in each category? (Round your answers to two decimal places.) bottom 10% 10%-50% 50%-90% % top 10% %

A First Course in Probability (10th Edition)
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...
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A study shows the following one-generation transition probabilities among four major income groups. Eldest Son's Income Father's Income Bottom 10% 10%-50% 50%-90% Top 10% Bottom 10% 0.45 0.32 0.21 0.02 10%-50% 0.07 0.49 0.4 0.04 50%-90% 0.04 0.3 0.48 0.18 Top 10% 0.01 0.1 0.3 0.59 In the long term, what percentage of male earners would you expect to find in each category? (Round your answers to two decimal places.) bottom 10% % 10%-50% % 50%-90% % % top 10%
Transcribed Image Text:A study shows the following one-generation transition probabilities among four major income groups. Eldest Son's Income Father's Income Bottom 10% 10%-50% 50%-90% Top 10% Bottom 10% 0.45 0.32 0.21 0.02 10%-50% 0.07 0.49 0.4 0.04 50%-90% 0.04 0.3 0.48 0.18 Top 10% 0.01 0.1 0.3 0.59 In the long term, what percentage of male earners would you expect to find in each category? (Round your answers to two decimal places.) bottom 10% % 10%-50% % 50%-90% % % top 10%
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