if the column sums of a matrix C are all strictly less than 1, then the inverse of the matrix I-C can be approximated by (I- C)-I+C+C²+C³ + ...+C, where m is a sufficiently large positive integer. For the consumption matrix i large must m be taken so that the right hand side of the formula displayed above approximates (I - C)-1 with error less than 0.01? This means that every entry of the matrix sum I+C + C2 + C3 + ... + C™ must be within 0.01 of the corresponding entry of (I-C)-!. how
Unitary Method
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Speed, Time, and Distance
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Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
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