Consider the Markov chain with three states, S={1,2,3}, that has the following transition matrix ½ 4 Y4 P= Draw the state transition diagram for this chain. If we know P(X1=1)=P(X1=2)=1/4, find P(X1=3, X2=2,X3=1)

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter17: Markov Chains
Section17.5: Steady-state Probabilities And Mean First Passage Times
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3. Consider the Markov chain with three states, S={1,2,3}, that has the following transition matrix
YA
P=
/3
a. Draw the state transition diagram for this chain.
If we know P(X1=1)=P(X1=2)=1/4, find P(X1=3, X2=2,X3=1)
Transcribed Image Text:3. Consider the Markov chain with three states, S={1,2,3}, that has the following transition matrix YA P= /3 a. Draw the state transition diagram for this chain. If we know P(X1=1)=P(X1=2)=1/4, find P(X1=3, X2=2,X3=1)
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