00:05
Now in this question, we basically look at, you know, how the dynamics of a society, right, social classes, right? you have three classes, upper, meter, and low classes represented by one to three, right? and if you represent the transition of, you know, between different classes as a macaw process, so the transition matrix, the transition problem matrix given by the question like this, right? so you ask first to find the probability that the child of a lower class worker will attend a middle class occupation.
00:40
A low class worker that's from 3 and it becomes a meter class.
00:43
So that will be this one, right? low one and get a meter class rate.
00:50
So if you put, you know, the vector of course 0 ,01, right? and if you act the p on 0 .001, you will find that for the middle class, the number that matters actually is obviously.
01:02
From this 0 .25, right? so the answer is 0 .25.
01:06
And the second was probably that grandchild, an upper class work where it turned middle class occupation, right? so a grandchild, obviously, you need to look at, suppose you have an upper class, right? the vector, of course, will be 1 ,00, right? for upper class, right? look at his grandchild, that means you have to look at p squared, right? and you look at p squared and you look at mid class of occupation, actually what matters, if you look at p squared, so imagine you have 2p, right? so you have 2p, one number is here, and you have another number, right? so what matters for meter class is going to be, you know, what you need to look at actually is basically this column multiplied by this this raw.
01:53
And you put them together.
01:54
That would be giving the probability.
01:56
So in other words, what we will find is that, and so the answer is actually given by, 0 .45 and times 0 .05 plus, then of course you would have to, you have to look at 0 .05 and times 0 .7 and plus 0 .01 times 0 .25.
02:25
So that is to the probability...