All philosophers are Stoics or Epicureans. Every year, 4% of Stoics become Epicureans, and 5% of Epicureans become Stoics. (a) Specify a transition matrix for this process, with suitable explanatory labelling. (b) What do you think will be the long-run proportions s of Stoics and e of Epicureans in the philosopher population? Explain your method of calculation. (c) All philosophers are determinists or voluntarists. Every year, a proportion g of determinists become voluntarists, and a proportion h of voluntarists become determinists. All other philosophers retain their existing beliefs. Find the long-run proportions d of determinists and v of voluntarists in the philosopher population.

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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All philosophers are Stoics or Epicureans. Every year, 4% of Stoics become Epicureans, and 5% of
Epicureans become Stoics.
(a)
Specify a transition matrix for this process, with suitable explanatory labelling.
(b)
What do you think will be the long-run proportions s of Stoics and e of Epicureans in the
philosopher population? Explain your method of calculation.
(c)
All philosophers are determinists or voluntarists. Every year, a proportion g of
determinists become voluntarists, and a proportion h of voluntarists become determinists. All
other philosophers retain their existing beliefs. Find the long-run proportions d of determinists
and v of voluntarists in the philosopher population.
Transcribed Image Text:All philosophers are Stoics or Epicureans. Every year, 4% of Stoics become Epicureans, and 5% of Epicureans become Stoics. (a) Specify a transition matrix for this process, with suitable explanatory labelling. (b) What do you think will be the long-run proportions s of Stoics and e of Epicureans in the philosopher population? Explain your method of calculation. (c) All philosophers are determinists or voluntarists. Every year, a proportion g of determinists become voluntarists, and a proportion h of voluntarists become determinists. All other philosophers retain their existing beliefs. Find the long-run proportions d of determinists and v of voluntarists in the philosopher population.
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