If an Absorbing State Exists,then the Probability That a Unit

question 15

True/False

If an absorbing state exists,then the probability that a unit will ultimately move into the absorbing state is given by the steady-state probability.

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Definitions:

Indorser

A person who transfers an instrument by signing (indorsing) it and delivering it to another person.

Guaranteeing Payment

The act of promising to fulfill the payment obligations of another party if they fail to pay as agreed.

Holder

An individual or entity that legally possesses a financial instrument, such as a check, bond, or stock certificate.

Transfer

The act of moving or conveying something from one person, place, or situation to another.