Question: 1. Let {Xn : n = 0, 1, 2, ...} be a two-state Markov chain with state space S = {0, 1} and one-step transition

 1. Let {Xn : n = 0, 1, 2, ...} be

a two-state Markov chain with state space S = {0, 1} and

1. Let {Xn : n = 0, 1, 2, ...} be a two-state Markov chain with state space S = {0, 1} and one-step transition matrix P = 1 - p p q 1 - q Assume that 0

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