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Management · Q154

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 154

Q154

If a matrix of transition probability is of the order n*n, then the number of equilibrium equations would be.

A.
n
Answer
B.
n-1
C.
n+1
D.
None of the above

Answer: Option A

Solution

Answer: Option A
Solution:
If a matrix of transition probability is of the order n*n, then the number of equilibrium equations would be n.