Step 1: Define the characteristic equation. The characteristic equation is derived from the determinant of \( A - \lambda I \), leading to \( \lambda^2 - 8\lambda + 7 = 0 \).
Step 2: Calculate the determinant and simplify. The determinant simplifies to \( \lambda^2 - 8\lambda + 7 \), which factors to find the eigenvalues.
Step 3: Solve for \( \lambda \). Using the quadratic formula, we find the solutions to be \( \lambda = 7 \) and \( \lambda = 1 \), confirming the eigenvalues of the matrix.
| D | C(t) | ||
| 0.9 | 0.95 | 0.975 | |
| 9 | 1.38 | 1.83 | 2.26 |
| 10 | 1.37 | 1.81 | 2.23 |
| 11 | 1.36 | 1.80 | 2.20 |