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1. Assume that X0,X1, . .. is the simplest two-state Markov chain on the sate space 5' = U, 1 with transition matrix 0 1

1. Assume that X0,X1, . .. is the simplest two-state Markov chain on the sate space 5' = U, 1 with transition matrix 0 1 P=0 1}? p 1 q 1q where 0

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