Employment Employment Last Year This Year Percentage Industry Industry 50 Small Business 40 Self-Employed 10 Small Business Industry 10 Small Business 70 Self-Employed 20 Self-Employed Industry Small Business 40 50 Self-Employed 10 Assume that state 1 is Industry, that state 2 is Small Business, and that state 3 is Self-Employed. Find the transition matrix for this Markov process. P =

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