Question: 1.11. Suppose that a production process changes state according to a Markov process whose transition probability matrix is given by (a) Determine the limiting probabilities
1.11. Suppose that a production process changes state according to a Markov process whose transition probability matrix is given by

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(a) Determine the limiting probabilities .7ro and it .
(b) Suppose that states 0 and 1 are "In-Control" while states 2 and 3 are deemed "Out-of-Control." In the long run, what fraction of time is the process Out-of-Control?
(c) In the long run, what fraction of transitions are from an In-Control state to an Out-of-Control state?
0 1 2 3 0 || 0.3 0.3 0.5 0 0.2 P = 1 0.5 0.2 0.2 0.1 2 0.2 0.3 0.4 0.1 3 || 0.1 0.2 0.4 0.3
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