Refer to Problem 79. During the open enrollment period, university employees can switch between two available dental care programs: the low-option plan (LOP) and the high-option plan (HOP). Prior to the last open enrollment period, 40% of employees were enrolled in the LOP and 60% in the HOP. During the open enrollment program, 30% of employees in the LOP switched to the HOP and 10% of employees in the HOP switched to the LOP.
(A) Write the transition matrix.
(B) What percentage of employees were enrolled in each dental plan after the last open enrollment period?
(C) If this trend continues, what percentage of employees will be enrolled in each dental plan after the next open enrollment period?