Please slove QUESTION 1Table 14-6The following data consists of a matrix of transition probabilities (P) of four majors in the College of Business, and the initial proportion of students in each majorT(0). Assume that each state represents a major and the transition probabilities represent changes from one major to the next after taking the introductory classin each discipline..6.2.1.4.1 .1P =.1пО) 3 (,4, 3, .2, .1)2 .5.05 .05 .7 .2.2Using the data in Table 14-6, determine Major 1's estimated popularity after students have taken the first introductory course.0.4150.3650.4250.385DOO

Name: Please slove QUESTION 1Table 14-6The following data consists of a matr
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Description: Please slove QUESTION 1Table 14-6The following data consists of a matrix of transition probabilities (P) of four majors in the College of Business, and the initial proportion of students in each majorT(0). Assume that each state represents a major an

Answered: QUESTION 1 Table 14-6 The following…

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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Given information:

The transition probability matrix of of four majors is:

$P = [\begin{matrix} 0.6 & 0.2 & 0.1 & 0.1 \\ 0.4 & 0.4 & 0.1 & 0.1 \\ 0.1 & 0.2 & 0.2 & 0.5 \\ 0.05 & 0.05 & 0.7 & 0.2 \end{matrix}]$

The initial proportion of students in each major is as follows:

$π (0) = (0.4, 0.3, 0.2, 0.1)$

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