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Mathematics, 26.02.2020 23:19 kat9940

Consider the points 1, 2, 3, 4 to be marked on a straight line. Let Xn be a Markov chain that moves to the right with probability 2/3 and to the left with probability 1/3, but subject this time to the rule that if Xn tries to go to the left from 1 or to the right from 4 it stays put. Find (a) the transition probability for the chain, and (b) the limiting amount of time the chain spends at each site

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Consider the points 1, 2, 3, 4 to be marked on a straight line. Let Xn be a Markov chain that moves...
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