Table 14-6
The 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 major π(0).Assume that each state represents a major and the transition probabilities represent changes from one major to the next after taking the introductory class in each discipline.
P =

π(0)= (.4, .3, .2, .1)
-Using the data in Table 14-6, which major will end up with the greatest proportion of students?
A)Major 1
B)Major 2
C)Major 3
D)Major 4

Question

Table 14-6
The 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 major π(0).Assume that each state represents a major and the transition probabilities represent changes from one major to the next after taking the introductory class in each discipline.
P =
  
π(0)= (.4, .3, .2, .1)
-Using the data in Table 14-6, which major will end up with the greatest proportion of students?
A)Major 1 
B)Major 2 
C)Major 3 
D)Major 4

Quizplus · Accepted Answer

Without access to the specific data in "Table 14-6," it's impossible to provide a factual answer or explanation. However, since the question asks for a choice, the response follows the instruction given, but keep in mind that in a real-world scenario, the answer would depend on the actual data presented in the table mentioned.

Table 14-6 The Following Data Consists of a Matrix of Transition Probabilities