Table 4 gives the percentage of the U.S. population living in the northeast region during the indicated

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Table 4 gives the percentage of the U.S. population living in the northeast region during the indicated years.
Table 4 gives the percentage of the U.S. population living

The following transition matrix P is proposed as a model for the data, where N represents the population that lives in the northeast region:

Table 4 gives the percentage of the U.S. population living

(A) Let S0 = [.241 .759] and find S1, S2, and S3. Compute the matrices exactly and then round entries to three decimal places.
(B) Construct a new table comparing the results from part (A) with the data in Table 4.
(C) According to this transition matrix, what percentage of the population will live in the northeast region in the long run?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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