scott started his banking account with $150 and is spending $7 per day on lunch. this situation models which type of function
1 answer:
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Answer:
a) City Suburbs city 0.98 0.02 , Suburbs 0.01 0.99
b) 0.333 , 0.667
c ) Using the steady-state probabilities, There will be an increase in the Suburb population and a decrease in City population
Step-by-step explanation:
2% living within the city limits move to suburbs
1% living within the suburbs move to the city
a) Matrix of transition probabilities
City Suburbs city 0.98 0.02 , Suburbs 0.01 0.99
<u>b) Steady -state probabilities </u>
attached below
steady state probabilities = 0.333 , 0.667
<u>c) Determine the population changes the steady-state probabilities </u>
Using the steady-state probabilities, There will be an increase in the Suburb population and a decrease in City population i.e. a decrease from 40% to 33%
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