The standard brownian motion

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At each time unit, the standard Brownian motion is shifted to [B(n)], where [ ] denotes the integer part. LetXn be the position at time n, for n = 0,1,2, Then the process {Xn, n = 0,1, • • • } is a (discrete-time) Markov chain. Calculate

Reference no: EM131130999

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