A study shows the following one-generation transition probabilities among four major income groups. Eldest Son's Income 10%-50% 0.36 0.48 0.33 0.18 Father's Income Bottom 10% 10%-50% 50%-90% top 10% 10%-50% 50%-90% Top 10% Bottom 10% 0.48 0.12 0.05 0.02 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% % % % 50%-90% 0.15 0.36 0.47 0.3 % Top 10% 0.01 0.04 0.15 0.5

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A study shows the following one-generation transition probabilities among four major income groups.
Eldest Son's Income
10%-50%
0.36
0.48
0.33
0.18
Father's
Income
Bottom 10%
10%-50%
50%-90%
Top 10%
Bottom 10%
0.48
0.12
0.05
0.02
50%-90%
0.15
0.36
0.47
0.3
Top 10%
0.01
0.04
0.15
0.5
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 10%-50% 0.36 0.48 0.33 0.18 Father's Income Bottom 10% 10%-50% 50%-90% Top 10% Bottom 10% 0.48 0.12 0.05 0.02 50%-90% 0.15 0.36 0.47 0.3 Top 10% 0.01 0.04 0.15 0.5 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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