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(a) Show that P 1 , 1 n = 4 1 + 4 3 ( 1 4 ) n . (b) What is the long-run proportion of time the chain
is in each state?

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(a) Show that P1-1n-41+43(14)n- (b) What is the long-run proportion of.pdf

  • 1. (a) Show that P 1 , 1 n = 4 1 + 4 3 ( 1 4 ) n . (b) What is the long-run proportion of time the chain is in each state?