Multiple Choice
Which of the following is not an assumption or a characteristic of a Markov Process?
A) The transition probabilities are the same for any customer.
B) The transition probabilities will remain constant over time.
C) The probability of being in a particular state at any one time period depends only on the state immediately preceding it.
D) In a transition matrix, sum of the row probabilities must sum to one.
E) In a transition matrix, sum of the column probabilities must sum to one.
Correct Answer:

Verified
Correct Answer:
Verified
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