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  2. Topic
    Mathematics
  3. Study Set
    Finite Mathematics for Business Economics
  4. Exam
    Exam 9: Markov Chains
  5. Question
    Suppose That for a Certain Absorbing Markov Chain the Fundamental
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Suppose That for a Certain Absorbing Markov Chain the Fundamental

Question 3

Question 3

Multiple Choice

Suppose that for a certain absorbing Markov chain the fundamental matrix is found to be Suppose that for a certain absorbing Markov chain the fundamental matrix is found to be   What is the expected number of times a person will have $3, given that he started with $2? A)  1.0 B)  1.5 C)  0.5 D)  2.0 What is the expected number of times a person will have $3, given that he started with $2?


A) 1.0
B) 1.5
C) 0.5
D) 2.0

Correct Answer:

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