Which of the following best describes the long-run probabilities of a Markov chain {Xn: n = 0, 1, 2, ...]? O the probabilities of eventually returning to a state having previously been in that state O the fraction of time the states are repeated on the next step O the fraction of the time being in the various states in the long run the probabilities of starting in the various states

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter3: Matrices
Section3.7: Applications
Problem 18EQ
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Which of the following best describes the long-run probabilities of a Markov chain {Xn: n = 0, 1, 2, ...}?
O the probabilities of eventually returning to a state having previously been in that state
O the fraction of time the states are repeated on the next step
O the fraction of the time being in the various states in the long run
O the probabilities of starting in the various states
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Transcribed Image Text:Which of the following best describes the long-run probabilities of a Markov chain {Xn: n = 0, 1, 2, ...}? O the probabilities of eventually returning to a state having previously been in that state O the fraction of time the states are repeated on the next step O the fraction of the time being in the various states in the long run O the probabilities of starting in the various states • Previous Not saved Simpfun
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