A certain town is in a certain country (this is a hypothetical problem). Each year ten percent

Question:

A certain town is in a certain country (this is a hypothetical problem). Each year ten percent of the town dwellers move to other parts of the country. Each year one percent of the people from elsewhere move to the town. Assume that there are two states sT , living in town, and sC, living elsewhere.
(a) Construct the transition matrix.
(b) Starting with an initial sT = 0.3 and sC = 0.7, get the results for the first ten years.
(c) Do the same for sT = 0.2.
(d) Are the two outcomes alike or different?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...