A new mass transit system has just gone into operation. The transit authority has made

Chapter 8, Problem 13

(choose chapter or problem)

A new mass transit system has just gone into operation. The transit authority has made studies that predict the percentage of commuters who will change to mass transit (M ) or continue driving their automobile (A). The following transition matrix shows the results: Next year This year M A M [0.7 0.2]. A 0.3 0.8 Suppose that the population of the area remains con~tant. and that initially 30% of the commuters use mass transit and 70% use their automobiles. (a) What percentage of the commuters will be using the mass transit system after I year? After 2 years? (b) What percentage of the commuters will be using the mass transit system in the long run?

Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.

Becoming a subscriber
Or look for another answer

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back