Question: Consider a Markov chain in Example 11.12: a Markov chain with two possible states, S = {0, 1}, and the transition matrix where a and

Consider a Markov chain in Example 11.12: a Markov chain with two possible states, S = {0, 1}, and the transition matrixP = 1-a a :.]. b 1-b

where a and b are two real numbers in the interval [0, 1] such that 0 0 and r1, for this Markov chain.


Example 11.12

Consider a Markov chain with two possible states, S = {0, 1}. In particular, suppose that the transition matrix is given byP = 1-a a b 1-b

where a and b are two real numbers in the interval [0, 1] such that 0

where α ∈ [0, 1].

P = 1-a a :.]. b 1-b

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