SOLUTION:
Suppose that how a voter choses to vote (Democrat, Independent, or Republican) is a stochastic process determined by how she voted in the previous election and that the process
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Suppose that how a voter choses to vote (Democrat, Independent, or Republican) is a stochastic process determined by how she voted in the previous election and that the process
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Question 542288:
Suppose that how a voter choses to vote (Democrat, Independent, or Republican) is a stochastic process determined by how she voted in the previous election and that the process is described by the following transition matrix.
D I R
D 0.45 0.15 0.4
I 0.4 0.35 0.25
R 0.55 0.1 0.35
Further, suppose that the voters are evenly split among the three parties in the first election. How will the voters be distributed in the second election? (give 4 decimal places) Answer by stanbon(75887) (Show Source):
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