## Question

###### In analyzing switching between different engineering degree programs for freshman, survey data has been used to estimate the following transition matrix for the probability of moving between departments each month:To DepartmentDI D2 D3From D0.8The current (month share of students for the department are S0%, 309 and 209 for departments DI,D2_ and D3 respectively _What will be the expected share of students for the departments after two months have elapsed (i.e. in month 3)2What is the long-run pr

In analyzing switching between different engineering degree programs for freshman, survey data has been used to estimate the following transition matrix for the probability of moving between departments each month: To Department DI D2 D3 From D 0.8 The current (month share of students for the department are S0%, 309 and 209 for departments DI,D2_ and D3 respectively _ What will be the expected share of students for the departments after two months have elapsed (i.e. in month 3)2 What is the long-run prediction for the expected share for each of the three departments? Would you expect the actual share to approach the long run prediction Or not (and why)?

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