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Health plans. A midwestern university offers its employees three choices for health care: a clinic-based health maintenance organization (HMO), a preferred provider organization (PPO). and a traditional fee-for-service program (FFS). Each year, the university designates an open enrollment period during which employees may change from one health plan to another. Prior to the last open enrollment period,
(A) Write the transition matrix.
(B) What percentage of employees were enrolled in each health plan after the last open enrollment period?
(C) If this trend continues, what percentage of employees will be enrolled in each plan after the next open enrollment period?
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Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
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