M.Sc students of the Department of statistics, FUTA are expected to do course work for a year and write their thesis the following year before graduating. A student has a probability of 0.25 of quitting during a given year, a 0.15 probability of having to repeat the year and a 0.6 probability of finishing the year. Using the description of the states below

State 1 : Coursework Student

State 2: Thesis writing Student

State 3 : Quitting Student

State 4 : Graduating Student

  1. Write a transition matrix for the students

  2. Partition the state-space into equivalent space

  3. Find the prob that a coursework student will graduate.

  • 2
    $\begingroup$ It may help if you explain what you have tried to solve this problem $\endgroup$ – Tyberius Oct 20 '19 at 2:01
  • $\begingroup$ also could you maybe add some info on what you mean by "equivalent space"? $\endgroup$ – matthiaw91 Oct 21 '19 at 9:28

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