Transition probability matrix

Assignment Help Basic Statistics

Reference no: EM131828574

Consider the following transition probability matrix:

1943_transition probability matrix.png

a. Give the state-transition diagram.

b. Given that the process is currently in state 1, what is the probability that it will be in state 2 at the end of the third transition?

c. Given that the process is currently in state 1, what is the probability that the first time it enters state 3 is the fourth transition?

Reference no: EM131828574

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