Question: 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

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

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

If the state probabilities do not chan... View full answer

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!

Q:

Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...

Q:

Briefly describe ASCII and Unicode and draw attention to any relationship between them. [3 marks] (b) Briefly explain what a Reader is in the context of reading characters from data. [3 marks] A...

Q:

answer all questions as instructed below. attend all questions. 4 Computer Vision (a) Explain why such a tiny number of 2D Gabor wavelets as shown in this sequence are so efficient at representing...

Q:

=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...

Q:

In Markov analysis, the likelihood that any system will change from one period to the next is revealed by the Group of answer choices fundamental matrix. matrix of transition probabilities. vector of...

Q:

He lp m eo u tpl e a se : Questions.,, 4. Which of the following will not shift either the demand or supply curve? 3. Changes in production costs b. Changes in consumer tastes c. Changes in the price...

Q:

Background: You are the supervisor of a National Forest district in the Pacific Northwest. Your task is to develop a long - term management plan for this district. Your general objective is to...

Q:

MS 3053 Markov Process - Market Share Analysis Theory Markov process model are useful in studying the evolution of system over repeated trials. The repeated trials are often successive time periods...

Q:

You helped me a couple of weeks ago. I was wondering if i could setup a time for tomorrow that you could be available to help me with some questions. I will pay $20 per question. They are short and I...

Q:

1. (Points: 1) The primary purpose of hiring a public accounting firm to examine the financial statements of the company is a. to assure no fraud has been committed by the company's management b. to...

Q:

A 2 m tall cylinder has a small hole in the bottom. It is filled with liquid water 1 m high, on top of which is 1 m high air column at atmospheric pressure of 100 kPa. As the liquid water near the...

Q:

If you know a company has a current ratio of 2 to 1, why is that not enough information to judge its liquidity?

Q:

An employee posts the nales amount it the wong customer acoount beabuse they incomecty leyy the cuntomer account fumber into the wytem. Implement a perpetual inventory control system Implement...

Q:

13. The conditions under which a firm would buy a floor?

Q:

The managing partner of the Scott Corey accounting firm (see Problem 11-34) has decided that the system must be up and running in 16 weeks. Consequently, information about crashing the project was...

Q:

The following costs have been estimated for the activities in a project: (a) Develop a cost schedule based on earliest start times. (b) Develop a cost schedule based on latest start times. (c)...

Q:

Dream Team Productions was in the final design phases of its new film, Killer Worms, to be released next summer. Market Wise, the firm hired to coordinate the release of Killer Worms toys, identified...

Q:

4C. Part 1. General Fund Transactions Required: a. Record journal entries for the following transactions for FY 2017. Make any computations to the nearest dollar. Journal entry explanations are not...

Q:

A company currently has 5 0 0 items in inventory. The demand for the next 2 months is 9 0 0 and 1 2 0 0 units. Assuming a level production rate of 1 0 0 0 units per month, determine the ending...

Q:

1 . 4 - Jackson Company plans the following beginning and ending inventory levels ( in units ) for April: \ table [ [ , April 1 , April 3 0 ] , [ Raw Material, 8 0 , 0 0 0 , 1 0 0 , 0 0 0 ] , [ Work...