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By reviewing its donation records, the alumni office of a college finds that 80% of its alumni who contribute to the ann
Posted: Mon May 09, 2022 10:38 am
by answerhappygod
- By Reviewing Its Donation Records The Alumni Office Of A College Finds That 80 Of Its Alumni Who Contribute To The Ann 1 (25.54 KiB) Viewed 30 times
By reviewing its donation records, the alumni office of a college finds that 80% of its alumni who contribute to the annual fund one year will also contribute the next year, and 30% of those who do not contribute one year will contribute the next. Write the transition matrix. A new graduate did not give a donation in the initial year after graduation. For such a graduate, the 0 system is initially in state 2 with certainty, so the initial state vector is xo = -(0) . What are the 1 chances that the graduate will make a donation in the long term?