Question: The below table shows the transition probability matrix for a retail store. Assuming that the store managers want to maintain the current staffing levels for

The below table shows the transition probability matrix for a retail store. Assuming that the store managers want to maintain the current staffing levels for the next year, how many employees do they need to hire for each job category.

The below table shows the transition probability

Job Category Job Level FTSA (%) PTSA (%) DEP (%) BUY (%) MER (%) Exit (%) Current # of Employees 1 50 15 5 5 ? 20 140 Full time sales associate (FTSA) 1 30 50 0 5 5 0 30 Part time sales associate (PTSA) 2 5 5 0 75 5 5 10 16 Department Manager (DEP) 2 0 0 0 65 5 30 15 Buyers (BUY) 2 0 5 80 15 Merchandising Managers (MER) Job Category Job Level FTSA (%) PTSA (%) DEP (%) BUY (%) MER (%) Exit (%) Current # of Employees 1 50 15 5 5 ? 20 140 Full time sales associate (FTSA) 1 30 50 0 5 5 0 30 Part time sales associate (PTSA) 2 5 5 0 75 5 5 10 16 Department Manager (DEP) 2 0 0 0 65 5 30 15 Buyers (BUY) 2 0 5 80 15 Merchandising Managers (MER)

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