Question: Solve:Table 1 . 1 Markov Analysis Information Transition probability matrix Current year ( 1 ) ( 2 ) ( 3 ) ( 4 ) (

Solve:Table 1.1 Markov Analysis Information
Transition probability matrix Current year
(1)(2)(3)(4)(5) Exit
Previous year (1) Store associate 0.430.060.000.000.000.51
(2) Shift leader 0.000.540.160.000.000.30
(3) Department manager 0.000.000.640.060.000.30
(4) Assistant store manager 0.000.000.060.520.080.34
(5) Store manager 0.000.000.000.000.660.34
Forecast of availabilities Next year (projected)
(1)(2)(3)(4)(5) Exit
Current Workforce
Previous year (1) Store associate 8,500
(2) Shift leader 1,200
(3) Department manager 850
(4) Assistant store manager 150
(5) Store manager 50
Gap analysis Next year (projected)
(1)(2)(3)(4)(5)
Year end total
(column sum)
External hires needed
(current workforce-total)

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