Mathematics, 27.03.2020 03:30, kayabwaller4589

3. (10 points) A particle moves on a circle through points which been marked 0,1,2,3,4 (in a clockwise order). At each step it has a probability p of moving to the right (clockwise) and 1- p to the left (counterclockwise). Let X denote its location on the circle after nth step. The process { Xn, n>= 0} is a Markov Chain a. Find the transition probability matrix. b. Calculate the limiting probabilities.

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3. (10 points) A particle moves on a circle through points which been marked 0,1,2,3,4 (in a clockwi...