Characterize the stochastic process of colors


You have three dice. The first has five red faces and one green face. The second has one red face and five green faces. The third has six blue faces. Consider the following stochastic process. At each point in time, you throw one of the dice. The particular one you throw is determined in a random matter. If the previous throw produced a red face, then you will throw the third die. If the previous throw produced a green face, then you will throw the second die. If the previous throw produced a blue face, then you will throw the first die. This procedure produces a sequence of COLORS. You wish to characterize the stochastic process of colors.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Characterize the stochastic process of colors
Reference No:- TGS0848082

Expected delivery within 24 Hours