Question: =7. If the state probabilities do not change from one period to the next, then a. the system is in equilibrium. b. each state probability

=7. If the state probabilities do not change from one period to the next, then

a. the system is in equilibrium.

b. each state probability must equal 0.

c. each state probability must equal 1.

d. the system is in its fundamental state.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Quantitative Analysis For Management Questions!