A Continuous-Time Markov Chain Consisting of Two States. Consider a machine that works for an exponential amount of time having mean 1/ before breaking down; and suppose that it takes an exponential amount of time with mean 1/µ to repair the machine. If the machine is in the operational condition at time 0, what is the probability that it will be working at time t = 5 ? HINT: write down the backward Kolmogorov differential equations and solve it.

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A Continuous-Time Markov Chain Consisting of Two States. Consider
a machine that works for an exponential amount of time having mean 1/A
before breaking down; and suppose that it takes an exponential amount of
time with mean 1/µ to repair the machine. If the machine is in the
operational condition at time 0, what is the probability that it will be working
at time t = 5 ?
HINT: write down the backward Kolmogorov differential equations and solve
it.
Transcribed Image Text:A Continuous-Time Markov Chain Consisting of Two States. Consider a machine that works for an exponential amount of time having mean 1/A before breaking down; and suppose that it takes an exponential amount of time with mean 1/µ to repair the machine. If the machine is in the operational condition at time 0, what is the probability that it will be working at time t = 5 ? HINT: write down the backward Kolmogorov differential equations and solve it.
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