Question: Consider a four - year program. Suppose the probability of leaving ( forever ) after Year 1 is 1 4 % , after Year 2

Consider a four-year program. Suppose the probability of leaving (forever) after Year 1 is 14%, after Year 2 is 8%, and after Year 3 is 3%. The probability of repeating any year is 5%.
Based on this description, fill in the missing entries for the transition matrix below. (Assume there are no other possibilities, like skipping a year, leaving and coming back, etc.)
(from) Year 1: Year 2: Year 3: Year 4: Graduation: Left program: (to) Year 1: Answer 1 Question 3
Answer 2 Question 3Answer 3 Question 3Answer 4 Question 3
00Year 2: Answer 5 Question 3
Answer 6 Question 3Answer 7 Question 3Answer 8 Question 3
00 Year 3: Answer 9 Question 3
Answer 10 Question 3Answer 11 Question 3Answer 12 Question 3
00 Year 4: Answer 13 Question 3
Answer 14 Question 3Answer 15 Question 3Answer 16 Question 3
00 Graduation: Answer 17 Question 3
Answer 18 Question 3Answer 19 Question 3Answer 20 Question 3
10 Left program: Answer 21 Question 3
Answer 22 Question 3Answer 23 Question 3Answer 24 Question 3
01
What is the probability (as a decimal between 0 and 1) that a typical student graduates from the program after the expected four years? Answer 25 Question 3
Suppose there are currently 800 Year 1 students, 600 Year 2 students, 720 Year 3 students, and 620 Year 4 students. To the nearest whole number, how many students are expected to have graduated within the next four years? Answer 26 Question 3

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