Math Problem Statement

A country is divided into three demographic regions. It is found that each year 5% of the residents of region 1 move to region 2, and 5% move to region 3. Of the residents of region 2, 15% move to region 1 and 10% move to region 3. And of the residents of region 3, 10% move to region 1 and 5% move to region 2. What is the probability matrix?

Solution

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Math Problem Analysis

Mathematical Concepts

Probability Theory
Markov Chains
Matrix Algebra

Formulas

Transition Probability Matrix

Theorems

Markov Property
Steady-State Distribution

Suitable Grade Level

Grades 11-12