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James89 James89
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Posts: 314
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5 years ago
Participants eligible for a retraining program can be in one of four states:

A - not in the training program
B - discharged
C - in training
D - employed

You are given the following transition matrix and the fundamental matrix.



Assume that there were initially 10 people not in the training program (State A) and 60 people who were in the training program (State C). How many people will end up being discharged, and how many people will be employed?
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
Author:
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wrote...
5 years ago



Total in B = 10 (.92) + 60 (.77) = 55.4 discharged
Total in D = 10 (.08) + 60 ( .23) = 14.6 employed
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