Question: Let the transition probability matrix of a two-state Markov chain be given, as in Example 4.2, by P = p 1 p 1

Let the transition probability matrix of a two-state Markov chain be given, as in Example 4.2, by P =

p 1 − p 1 − p p Show by mathematical induction that P(n) =

1 2 + 1 2 (2p − 1)n 1 2 − 1 2 (2p − 1)n 1

2 − 1 2 (2p − 1)n 1 2 + 1 2 (2p − 1)n

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