The 1990 census reported that 33% of the households in Middleton were homeowners and the remainder are renters. During the next decade , 6% of the homeowners became renters and the rest continued to be homeowners.
Similarly, 15% of the renters became homeowners and the rest continued to rent.
a) fill the appropriate transition matrix for this process.
b) According to this transition matrix, what percentage of households were homeowners in 2000 (round to the nearest tenth) ___%
c)The percentage of homeowners and renters is given by S1
(round 3 decimal places)