Data have been accumulated on the heights of children relative to their parents. Suppose that the probabilities
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a. Write down the transition matrix for this Markov chain.
b. What is the probability that a short person will have a tall grandchild?
c. If 20% of the current population is tall, 50% is of medium height, and 30% is short what will the distribution be in three generations?
d. What proportion of the population will be tall, of medium height, and short in the long run?
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...
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