Question: STOCHASTIC PROCESS QUESTION 6 Consider a random walk with four states 0, 1, 2, 3 forwhich PM : 0, P372 : 1 and p :

STOCHASTIC PROCESS

QUESTION 6 Consider a random walk with four states 0, 1, 2, 3 forwhich PM : 0, P372 : 1 and p : pu+1 : g for i : 1, 2. (6.1) Write down the transition probability matrix. (6)

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