Question: 1. Let {Xn : n = 0, 1, ...} be a Markov chain with the two states 0 and 1, where Xn is the state

1. Let {Xn : n = 0, 1, ...} be a Markov chain

1. Let {Xn : n = 0, 1, ...} be a Markov chain with the two states 0 and 1, where Xn is the state of a process at the beginning of day n. Assume P[Xo = 1] = 114, and let the associated state transition matrix be 1 o 1 P | 1 23 for appropriate x. ANSWER Find the following. (a) x = (b) P[X2 = 1] = (c) 6.2

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