In Markov Analysis,the Fundamental Matrix

question 69

Multiple Choice

In Markov analysis,the fundamental matrix

• A)is necessary to find the equilibrium condition when there are absorbing states.
• B)can be found but requires,in part,partitioning of the matrix of transition probabilities.
• C)is equal to the inverse of the I minus B matrix.
• D)is multiplied by the A matrix in order to find the probabilities that amounts in non-absorbing states will end up in absorbing states.
• E)All of the above

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Definitions:

P(A)

Denotes the probability of event A happening.

P(B)

The probability notation referring to the likelihood of event B occurring.

Independent

Not influenced by or contingent upon others; describes variables that operate without interference from other variables.

P(B|A)

The probability of event B occurring given that event A has already occurred, indicating a conditional probability.