41. Let i denote the long-run proportion of time a given irreducible Markov chain is in state...

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41. Let πi denote the long-run proportion of time a given irreducible Markov chain is in state i.

(a) Explain why πi is also the proportion of transitions that are into state i as well as being the proportion of transitions that are from state i.

(b) πiPij represents the proportion of transitions that satisfy what property?

(c)

i πiPij represent the proportion of transitions that satisfy what property?

(d) Using the preceding explain why

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Introduction To Probability Models

ISBN: 9780123756862

10th Edition

Authors: Sheldon M Ross

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Question Posted: Sep 16, 2024 04:01 AM

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41. Let i denote the long-run proportion of time a given irreducible Markov chain is in state...

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Introduction To Probability Models

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