Question: 15.4 Assume that the diffusion model of Example 15.2 is modified in such a way that at each time step one has the option to

15.4 Assume that the diffusion model of Example 15.2 is modified in such a way that at each time step one has the option to choose one box at random from which to replace a ball to the other box.

(a) Determine the transition probabilities pij for this process.

(b) Determine whether this process is a Markov chain.

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