What number of transient states in markov chain model

Reference no: EM132454427

Based on ahistory of past phone calls, the transition matrix has been estimated, and the A and E matrices were computed. Each call made by the sales representative costs XYZ an average of $3, and XYZ receives $50 for each sale completed.

I. What is the number of transient states in this Markov chain model?

2. What is the number of absorbing states in this Markov chain model?

3. What is the number of recurrent states in this Markov chain model?

Reference no: EM132454427

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