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What is Markov Chains or Processes?
Normally, sets are given in the various ways A) ROASTER FORM OR TABULAR FORM In that form, we describe all the member of the set within braces (curly brackets) and differen
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On 30 June 2012 Bill purchase a home by taking out a 30 year mortgage of $600,000 at 6% interest per annum, compounded months. Repayments are made at the end of each month. (a) Cal
Demerits and merits of the measures of central tendency The arithmetic mean or a.m Merits i. It employs all the observations given ii. This is a very useful
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The Markov processes are described as a set of trials which follow a specific sequence that depend on a given set of probabilities identified as transition probabilities. These probabilities show how a particular activity or product moves from one state to another.
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