(14) The transition matrix for a Markov chain with three states is0.30.5 0.210.60.3 0.10 0 1For a group of 100 individuals in state 1 at time 0, the variance of the number ofindividuals in state 1 at time 3 is:(a) 20.8791(b) 19.6521(c) 7.8763(d) 0.4695

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Answered: (14) The transition matrix for a Markov…

A First Course in Probability (10th Edition)

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(14) The transition matrix for a Markov chain with three states is 0.5 0.2 0.3 0.1 0 1 0.3 0.6 0 For a group of 100 individuals in state 1 at time 0, the variance of the number of individuals in state 1 at time 3 is: