Markov chain probability problem

Coyote355

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Feb 14, 2013
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Can you please check if I solved this problem in the correct way? Thank you.

All welders in a factory begin as apprentices. Every year the performance of each apprentice is reviewed. Past records indicate that after each review, 10% of apprentices are promoted to professional welder, 20% are terminated for unsatisfactory performance, and the remainder (70%) continue as apprentices.

(1) Draw the transition matrix.

A
B
C
A
0.7
0.1
0.2
B
0
1
0
C
0
0
1

(2) What is the probability that an apprentice is promoted to professional welder within 2 years? Within 4 years?

T^2=
0.49
0.17
0.34
0
1
0
0
0
1

T^4=
0.2401
0.2533
0.5066
0
1
0
0
0
1

The probability that a random apprentice is promoted to welder in two years is 0.17 and that he is promoted to professional welder in four years is 0.2533.
 
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