The vice president of personnel at Jetair Aerospace has noticed that yearly shifts in personnel can be modeled by a Markov process.The transition matrix is:
a. Write the transition matrix in the form of I, O, R, and Q submatrices.
b. Compute the fundamental matrix, N, for this problem.
c. What is the probability of an employee who was just promoted eventually retiring? Quitting? Being fired?

Question

The vice president of personnel at Jetair Aerospace has noticed that yearly shifts in personnel can be modeled by a Markov process.The transition matrix is:  
a. Write the transition matrix in the form of I, O, R, and Q submatrices.
b. Compute the fundamental matrix, N, for this problem.
c. What is the probability of an employee who was just promoted eventually retiring? Quitting? Being fired?

Quizplus · Accepted Answer

The Answer of The vice president of personnel at Jetair Aerospace has noticed that yearly shifts in personnel can be modeled by a Markov process.The transition matrix is:  
a. Write the transition matrix in the form of I, O, R, and Q submatrices.
b. Compute the fundamental matrix, N, for this problem.
c. What is the probability of an employee who was just promoted eventually retiring? Quitting? Being fired?

The Vice President of Personnel at Jetair Aerospace Has Noticed