2. The yearly transition probabilities associated with various condition states of urban Interstate highway bridges in a

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2 The Yearly Transition Probabilities Associated With Various Condition States Of Urban Interstate Highway Bridges In A 1 (65.09 KiB) Viewed 28 times

2. The yearly transition probabilities associated with various condition states of urban Interstate highway bridges in a certain district are given below: Excellent 0.8 Excellent Good Fair Poor 0 0 0 Good 0.2 0.7 0 0 Fair 0 0.2 0.6 0 Poor 0 0.1 0.4 1.0 In 2005, there are 1000, 2000, 1000, and 500 bridges in the Excellent, Good, Fair and Poor condition states, respectively. Find the number of bridges that are expected to be in the Excellent, Good, Fair and Poor conditions in 2010. Assuming that no major repairs during the period, so the original transition matrix stays unchanged.