Analysis of a Markov Process

question 13

Multiple Choice

Analysis of a Markov process

• A) describes future behavior of the system.
• B) optimizes the system.
• C) leads to higher order decision making.
• D) All of the alternatives are true.

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Definitions:

Variance

A measure of the dispersion or spread of a set of data points, calculated as the average of the squared deviations from the mean.

Mean

A measure of central tendency that is calculated by adding up all the values in a set and then dividing by the number of values.

Standard Deviation

An appraisal of the diversity or spread level exhibited by a collection of figures.

Normally Distributed

Refers to a probability distribution which is evenly shaped around the mean, indicating that occurrences of data close to the mean are more common than occurrences of data distant from the mean.