Question: Stochastic Proceses Use R studio Programming exercise in R Consider a Markov chain with state space (0, 1, 2, 3, 4,5, 6) and with the

Stochastic Proceses

Use R studio

Programming exercise in R Consider a Markov chain with state space (0, 1, 2, 3, 4,5, 6) and with the following transition matrix: 1 0 0 0 0 0 0 1 1 3 0 1 0 8 4 8 1 3 1 0 0 01 00 011 03 1 01 0 31 1 0 0 0 00 0 1 Suppose the string always starts at state 3. Using simulation in R of an approximation for the probability that the string will be absorbed at the zero state

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