If a Markov Chain Has at Least One Absorbing State,steady-State

question 13

True/False

If a Markov chain has at least one absorbing state,steady-state probabilities cannot be calculated.

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Profitable Level

The point at which a business or economic activity generates revenue that exceeds its costs, resulting in a financial gain.

Minimum Points

The lowest scores or levels that must be achieved in a particular framework, often used in educational or competitive contexts.

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The sum of accounting profit and economic profit, which measures the total earnings of a company after accounting for both explicit and implicit costs.