(a) The following diagram shows the movement of Kenyan households among three income groups: affluent, middle class, and poor, over the 11-year period 1980-1991. AFFLUENT 27.1% Sh72,000 (in 1994) 7.5% MIDDLE CLASS 8.5% Sh24,000 (in 1994) 30.4% POOR (i) Use the transitions shown in the diagram to construct a transition matrix (assuming zero probabilities for the transitions between affluent and poor). (ii) Assuming that the trend shown was to continue, what percent of households' classified as affluent in 1980 -1991, were predicted to become poor in 1993? (iii) According to the model, what percentage of all Kenyan households will be in each income bracket in the long term?

(a) The following diagram shows the movement of Kenyan households among three income groups: affluent, middle class, and poor, over the 11-year period 1980-1991. AFFLUENT 27.1% Sh72,000 (in 1994) 7.5% MIDDLE CLASS 8.5% Sh24,000 (in 1994) 30.4% POOR (i) Use the transitions shown in the diagram to construct a transition matrix (assuming zero probabilities for the transitions between affluent and poor). (ii) Assuming that the trend shown was to continue, what percent of households' classified as affluent in 1980 -1991, were predicted to become poor in 1993? (iii) According to the model, what percentage of all Kenyan households will be in each income bracket in the long term?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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