Consider a job promotion, where 65% of the participants that succeeded at the previous promotion will succeed in the current promotion, and 15% of the participants that failed on the previous promotion will succeed in the current promotion. Tind tho stato trancition motriv and drawr the stato

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Question 3: Markov chains
Consider a job promotion, where 65% of the participants that
succeeded at the previous promotion will succeed in the current
promotion, and 15% of the participants that failed on the
previous promotion will succeed in the current promotion.
a) Find the state transition matrix and draw the state
transition diagram.
b) Suppose that 50% of the participants succeeded in the first
promotion. Find the predictions for the next two job promotions.
Transcribed Image Text:Question 3: Markov chains Consider a job promotion, where 65% of the participants that succeeded at the previous promotion will succeed in the current promotion, and 15% of the participants that failed on the previous promotion will succeed in the current promotion. a) Find the state transition matrix and draw the state transition diagram. b) Suppose that 50% of the participants succeeded in the first promotion. Find the predictions for the next two job promotions.
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