Transition matrix for this process

Reference no: EM13985104

Assume that a student going to a certain four-year medical school in northern New England has, each year, a probability q of flunking out, a probability r of having to repeat the year, and a probability p of moving on to the next year (in the fourth year, moving on means graduating).

(a) Form a transition matrix for this process taking as states F, 1, 2, 3, 4, and G where F stands for flunking out and G for graduating, and the other states represent the year of study.

(b) For the case q = .1, r = .2, and p = .7 find the time a beginning student can expect to be in the second year. How long should this student expect to be in medical school?

Reference no: EM13985104

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