The matrix
FROM
R D I
[ 0.6 0.1 0.1] R
P=[ 0.2 0.7 0.1] D TO
[ 0.2 0.2 0.8] I
To
is called a stochastic matrix. Each entry
pij (i ≠ j)
represents the proportion of the voting population that changes from Party i to Party j, and
pii
represents the proportion that remains loyal to the party from one election to the next. Use a graphing utility to find P3, P4, P5, P6, P7, and P8 for the matrix given. (Round your answers to four decimal places.)
P3=
P4=
P5=
P6=
P7=
P8=
Please can somebody tell me how I van develop this one? Thank you!!
2 answers