(Migration) Suppose that we have a country divided into 3 regions: 1, 2, and 3. The...

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(Migration) Suppose that we have a country divided into 3 regions: 1, 2, and 3. The proportions of the populations of these regions that stay put or move to another region are given by [P11 P12 P13] 0.8 0.15 0.051 0.15 0.7 0.15 P31 P32 P33] .0.1 0.15 0.75] P= P21 P22 P23= Each entry Pi, of the matrix P denotes the proportion of the population of region i that moves to region i per year. Such a matrix is often referred to as a transition matrix in economics. Suppose that the current populations of the 3 regions in millions is given by X = X₂ = X3. 12 8 10. Using the two matrices above, compute the populations of these regions in the next year. (Migration) Suppose that we have a country divided into 3 regions: 1, 2, and 3. The proportions of the populations of these regions that stay put or move to another region are given by [P11 P12 P13] 0.8 0.15 0.051 0.15 0.7 0.15 P31 P32 P33] .0.1 0.15 0.75] P= P21 P22 P23= Each entry Pi, of the matrix P denotes the proportion of the population of region i that moves to region i per year. Such a matrix is often referred to as a transition matrix in economics. Suppose that the current populations of the 3 regions in millions is given by X = X₂ = X3. 12 8 10. Using the two matrices above, compute the populations of these regions in the next year.

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in the problem is called a transition matrix and it is used to describe t... View the full answer