# In the Heidmans Department Store problem of Section 17.2, suppose that the following transition matrix is appropriate: 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? .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

Chapter 17, Problems #11

In the Heidman€™s Department Store problem of Section 17.2, suppose that the following transition matrix is appropriate:

If Heidman€™s has $4000 in the 0€“30-day category and $5000 in the 31€“90-day category, what is your estimate of the amount of bad debts the company willexperience?

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**Related Book For**

## Quantitative Methods for Business

11th Edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam

ISBN: 978-0324651751