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In the Long Run, in Markov Analysis

Question 38

Multiple Choice

In the long run, in Markov analysis


A) all state probabilities will eventually become zeros or ones.
B) generally, the vector of state probabilities, when multiplied by the matrix of transition probabilities, will yield the same vector of state probabilities.
C) the matrix of transition probabilities will change to an equilibrium state.
D) the matrices will become inverted.

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