Consider a Markov chain with states 0, 1, 2, 3, 4. Suppose P0,4 = 1; and suppose

Question:

Consider a Markov chain with states 0, 1, 2, 3, 4. Suppose P0,4 = 1; and suppose that when the chain is in state i,i > 0, the next state is equally likely to be any of the states 0, 1,...,i − 1. Find the limiting probabilities of this Markov chain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: