Consider a markov chain on s 1212 such that pij 12 if ij


Stochastic Processes-Random walk around the clock: Consider a Markov chain on S = {1,2,...,12} such that pij = 1/2 if i,j are adjacent hours on a clock, and pij = 0 otherwise.

(c) Suppose that instead, for some p ?≠? 1/2, we have that pij = p (resp. pij = 1 ≠ p) if j is clockwise (resp. counter-clockwise) adjacent to i, and pij = 0 otherwise.

Find the expected number of visits to six o'clock, starting from six o'clock, before visiting twelve o'clock.

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Business Management: Consider a markov chain on s 1212 such that pij 12 if ij
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