Repeat Example 5 for the following transition diagram:

Data from Example 5

The following transition diagram is for part-time students enrolled in a university MBA program:

(A) In the long run, what percentage of entry-level students will graduate? What percentage of advanced-level students will not graduate?

(B) What is the average number of years that an entry-level student will remain in this program? An advanced-level student?

Transcribed Image Text:

In 5 E A 2 E = entry-level students A = advanced-level students D = dropouts G = graduates