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As a venture capital manager, you are interested in investing a new founded company, StocProc. StocProc is a pharmaceutical company that focuses on research and
As a venture capital manager, you are interested in investing a new founded company, StocProc. StocProc is a pharmaceutical company that focuses on research and development RD of a new drug. There are significant risks associated with the RD of this new drug. The status of this new drug can be categorized into five different states: S S S D D and F
The status of this new drug can be modeled by a Markov Chain. Let Xt
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