markov chains exercise sheet solutions last updated october 17 2012 1 assume that a student can be in 1 of 4 states rich average poor in debt assume the following ...
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...Markov chains exercise sheet solutions last updated october assume that a student can be in of states rich average poor debt the following transition probabilities if is next time step will model above as discrete chain and draw corresponding obtain stochastic matrix r p d b let us starts their studies what probability them being after steps chance c steady state vector associated with this linear system has solution consider matrices for are they exist not explain why n e f g h given square...