Consider the following transition matrix to answer the following problem 1 3 4 1 0.3 0.3 0.3 0.1 2 0.2 0.2 0.5 0.1 3 0.4 4 [0.1 0.1 0.1 0.4 0.3 0.2 0.4] The first passage times from state 3 to state 1 (in year) is: Ra. 5.101 years

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Consider the following transition matrix to answer the following problem
1
3 4
1 0.3 0.3 0.3 0.1
2 0.2
3 0.4
4 0.1
0.2 0.5 0.1
0.1 0.1 0.4
0.3 0.2 0.4]
The first passage times from state 3 to state 1 (in year) is:
a. 5.101 years
O b. 3.29 years
Oc 4.29 years
O d. 3.855 years
Clear my choice
Transcribed Image Text:Consider the following transition matrix to answer the following problem 1 3 4 1 0.3 0.3 0.3 0.1 2 0.2 3 0.4 4 0.1 0.2 0.5 0.1 0.1 0.1 0.4 0.3 0.2 0.4] The first passage times from state 3 to state 1 (in year) is: a. 5.101 years O b. 3.29 years Oc 4.29 years O d. 3.855 years Clear my choice
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