In the Heidmans Department Store problem of Section 17.2, suppose that the following transition matrix is appropriate:
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If Heidman€™s has $4000 in the 0€“30day category and $5000 in the 31€“90day category, what is your estimate of the amount of bad debts the company willexperience?
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.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: 148
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
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