Exam MAS-I Practice Question 16
Study guide: Exam MAS-I
Each month, a workers compensation claimant is Totally disabled (state 1), on Modified duty (state 2) or Returned to full work (state 3). State 3 is absorbing. The monthly transition matrix is
P = \begin{array}{c|ccc} & 1 & 2 & 3 \\ \hline 1 & 0.5 & 0.3 & 0.2 \\ 2 & 0.2 & 0.4 & 0.4 \\ 3 & 0 & 0 & 1 \end{array}
The claimant is Totally disabled this month. Calculate the expected number of months, counting this month, that the claimant spends in states 1 and 2 before returning to full work. Give your answer to two decimal places.
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Concepts tested
- Mean Time Spent in Transient States
- Markov Chain
- Transition Probability Matrix
- Recurrent and Transient States