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The lifetimes of elements of a certain type are independent and exponentially distributed with parameter > 0. At time t = 0 there are X0
The lifetimes of elements of a certain type are independent and exponentially distributed with parameter > 0. At time t = 0 there are X0 = n living elements present. Let X, denote the number alive at time t. Show {X_t} is a markov process and compute the transition probabilities
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