A Markov chain has two states, A and B. The probability of going from state A to

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A Markov chain has two states, A and B. The probability of going from state A to state A in one trial is .6, and the probability of going from state B to state B in one trial is .2.
In Problem, use the given information to draw the transition diagram and find the transition matrix.
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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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