The Probability of Going from State 1 in Period 2

question 33

Multiple Choice

The probability of going from state 1 in period 2 to state 4 in period 3 is

• A)p₁₂.
• B)p₂₃.
• C)p₁₄.
• D)p₄₃.

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Definitions:

Hospital Insurance

A type of insurance designed to cover medical and surgical expenses incurred by the insured within a hospital setting.

OASDI

Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that provides retirement, disability, and survivors benefits.

Hospital Insurance

Coverage that pays for hospital expenses incurred by the insured due to illness or injury.

OASDI

Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that provides benefits to retirees and disabled people.