If in an Absorbing State,the Probability of Being in an Absorbing

question 34

Multiple Choice

If in an absorbing state,the probability of being in an absorbing state in the future is

• A)0%.
• B)25%.
• C)50%.
• D)75%.
• E)100%.

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Definitions:

ITunes

A media player, media library, Internet radio broadcaster, and mobile device management application developed by Apple Inc.

Inferior Goods

Products for which demand decreases as consumers' income increases, opposite of normal goods.

Quantity Demanded

The level of demand for a good or service that individuals can and are ready to buy at an established price.

Service

Activities or benefits offered for sale that are essentially intangible and do not result in the ownership of anything.