In the Heidmans Department Store problem of Section 17.2, suppose that the following transition matrix is appropriate:
Question:
If Heidmans has $4000 in the 030-day category and $5000 in the 3190-day category, what is your estimate of the amount of bad debts the company willexperience?
Transcribed Image Text:
.0 0.0 0.0 0.0 0.0 1.00.0 0.0 0.5 0.0 0.25 0.25 0.5 0.2 0.05 0.25
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Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
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