In the long run, the percentage of homeowners in the area that will be using solar energy as a major source of fuel is 40.5%.
What percentage will use solar in the long run?
This can be found by solving for d in the fixed probability vector given as:
W = [ a b c d ]
Further shown as:
0.6a + 0.05b + 0.1c + 0d = a
0.15a + 0.85b + 0.1c + 0.06d = b
0.1a + 0.02b + 0.75c + 0.06d = c
0.15a + 0.08b + 0.05c + 0.88d = d
We find that:
a = 0.084
b = 0.352
c = 0.159
d = 0.405
In conclusion, the percentage of homeowners to use solar energy in the long run is 40.5%.
Find out more on probability matrix at https://brainly.com/question/94574.
#SPJ1
