Refer to the following hypothetical transitional matrix for an auto parts manufacturer. How many of the total assistant managers employed in 2001 were promoted to the managerial position in 2004?
A)95%
B)8%
C)5%
D)87%
E)83%

Question

Refer to the following hypothetical transitional matrix for an auto parts manufacturer.  How many of the total assistant managers employed in 2001 were promoted to the managerial position in 2004?
A)95% 
B)8% 
C)5% 
D)87% 
E)83%

Quizplus · Accepted Answer

5% employees who were assistant managers in 2001 were promoted to the managerial position in 2004.

Refer to the Following Hypothetical Transitional Matrix for an Auto