Question please show your work, thank you 5. An organization has N employees where N is a large number. Each employee has one of three possible job classifications and changes classifications (independently) according to a Markov chain with transition probabilities (0.7 0.2 0.1 0.2 0.6 0.2 0.1 0.4 0.5 What percentage of employees are in each classification?

OCNE3O The Asker · Advanced Mathematics

please show your work, thank you

Transcribed Image Text: 5. An organization has N employees where N is a large number. Each employee has one of three possible job classifications and changes classifications (independently) according to a Markov chain with transition probabilities (0.7 0.2 0.1 0.2 0.6 0.2 0.1 0.4 0.5 What percentage of employees are in each classification?
More
Transcribed Image Text: 5. An organization has N employees where N is a large number. Each employee has one of three possible job classifications and changes classifications (independently) according to a Markov chain with transition probabilities (0.7 0.2 0.1 0.2 0.6 0.2 0.1 0.4 0.5 What percentage of employees are in each classification?
Community Answer
LDWL5D

Solving pi=pi P{:[pi_(0)+pi_(1)+pi_(2)=1],[0.7pi_(0)+0.2pi_(0)+0.1pi_(0)],[pi_(0)=1-pi_(1)-pi_(2)]:}Sub pi_(0) in (1){:[" Sub "pi_(0)" in "11],[pi_(0)=0.7(1-pi_(1)-pi_(2))+0.2pi_(1)+0.1pi_(2)],[1-pi_(1)-pi_(2)=0.7-0.5pi_(1)-0.6pi_(2)]:}{:[0.3=0.5pi_(1)+0.4pi_(2)],[0.4pi_(2)=0.3-0.5 pi1]:}Sub (4) in ... See the full answer