If the state probabilities do not change from one period to the next, then a. the system

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 equal 0.

c. each state probability must equal 1.

d. the system is in its fundamental state.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Quantitative Analysis For Management

ISBN: 213168

12th Edition

Authors: Barry Render ,Ralph M. Stair ,Michael E. Hanna

Question Posted: