To calculate: The value of
Answer to Problem 88AYU
The value of
Explanation of Solution
Given information:
The left stochastic transition matrix is denote relative income of a child (low, medium or high) depends on the relative income of the child’s parents.
Formula used:
To find the product AB of two matrices A and B, the number of column in matrix A must be equal to number of rows in matrixB.
Calculation:
Consider the left stochastic transition matrix is denote relative income of a child (low, medium or high) depends on the relative income of the child’s parents.
Recall that to find the product AB of two matrices A and B, the number of column in matrix A must be equal to number of rows in matrixB.
Therefore,
The above matrix is interpreted as,
Thus, the value of
Chapter 11 Solutions
Precalculus
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