Consider a Markov chain with states 0,1,2 and the following transition probability matrix 1/2 1/3 1/6 P= 0 1/3 2/3 1/2 0 1/2 If p(X0=0)=0.25 and p(X0=1)=0.25, then find p(X2=1).
Consider a Markov chain with states 0,1,2 and the following transition probability matrix 1/2 1/3 1/6 P= 0 1/3 2/3 1/2 0 1/2 If p(X0=0)=0.25 and p(X0=1)=0.25, then find p(X2=1).
Practical Management Science
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Consider a Markov chain with states 0,1,2 and the following transition probability matrix
1/2 1/3 1/6
P= 0 1/3 2/3
1/2 0 1/2
If p(X0=0)=0.25 and p(X0=1)=0.25, then find p(X2=1).
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