Question

From data compiled over a 5-year period by Women's Daily in a study of the number of women in the professions, the following transition matrix was constructed. It gives the transitional probabilities for the number of men and women in the professions.

				Current State
				Men		Women
Next State		Men		.95		.01
		Women		.05		.99

As of the beginning of 1986, 52.9% of professional jobs were held by men. If this trend continues, what percent of professional jobs will be held by women in the long run? (Round your answer to one decimal place.)
%_________

Answer 1