Q158
A problem is classified as Markov chain provided.
A.
There are finite number of possible states
B.
States are collectively exhaustive & mutually exclusive
C.
Long-run probabilities of being in a particular state will be constant over time
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
A problem is classified as Markov chain provided are there are finite number of possible states, States are collectively exhaustive & mutually exclusive and Long-run probabilities of being in a particular state will be constant over time.