using python to solve Job Mobility The lawyers at a law firm are either associates or partners. At the end of each year, 30% of the associates leave the firm, 20% are promoted to partner, and 50% remain associates. Also, 10% of the partners leave the firm at the end of each year. Assume that a lawyer who leaves the firm does not return. Draw the transition diagram for this Markov process. Label the states A, P, and L. Set up a stochastic matrix for the Markov process. Find the state of the matrix that changes no more.
using python to solve Job Mobility The lawyers at a law firm are either associates or partners. At the end of each year, 30% of the associates leave the firm, 20% are promoted to partner, and 50% remain associates. Also, 10% of the partners leave the firm at the end of each year. Assume that a lawyer who leaves the firm does not return. Draw the transition diagram for this Markov process. Label the states A, P, and L. Set up a stochastic matrix for the Markov process. Find the state of the matrix that changes no more.
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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using python to solve
Job Mobility The lawyers at a law firm are either associates or partners. At the end of each year, 30% of the associates leave the firm, 20% are promoted to partner, and 50% remain associates. Also, 10% of the partners leave the firm at the end of each year. Assume that a lawyer who leaves the firm does not return.
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Draw the transition diagram for this Markov process. Label the states A, P, and L.
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Set up a stochastic matrix for the Markov process.
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Find the state of the matrix that changes no more.
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In the long run, what percent of the lawyers will be associates?
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