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Unformatted text preview: Dene, X n = max { Z 1 ,Z 2 ,...,Z n } . Show that, { X n ,n 1 } is a Markov Chain and give its transition matrix P. 3. We are given the Markovian stochastic process ( X n ) ,n 0 with onestep transition probabilities matrix P = . 2 0 . 5 0 . 3 . 3 0 . 1 0 . 6 . 1 0 . 1 0 . 8 . Calculate the following probabilities: P ( X 3 = 2  X 2 = 1 ,X 1 = 3) P ( X 3 = 2  X 1 = 3) 1...
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This note was uploaded on 04/03/2008 for the course ORIE 361 taught by Professor Lewis,m. during the Spring '07 term at Cornell University (Engineering School).
 Spring '07
 LEWIS,M.

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