The alumni of Athabasca University contribute (C) or do not contribute (NC) to the alumni fund according to this pattern: 75% of those who contribute one year will contribute the next year; 15% of those who do not contribute one year will contribute the next. Give the transition matrix. Forty-five percent of last year’s graduating class contributed this year. What percent will contribute next year? What percent will contribute in two years?

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter3: Matrices
Section3.7: Applications
Problem 42EQ
icon
Related questions
Question

The alumni of Athabasca University contribute (C) or do not contribute (NC) to the alumni fund

according to this pattern: 75% of those who contribute one year will contribute the next year; 15% of

those who do not contribute one year will contribute the next.

Give the transition matrix.

Forty-five percent of last year’s graduating class contributed this year. What percent will

contribute next year?

What percent will contribute in two years?

Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:
9781305658004
Author:
Ron Larson
Publisher:
Cengage Learning