Show that the new process is reversible

Assignment Help Advanced Statistics
Reference no: EM13908933

Suppose a Markov process with the set of states A is reversible and has steady-state probabilities pi, i ∈ A. Let B be a subset of A and assume that the process is changed by setting qij = 0 for all i ∈ B, j ∈/ B. Assuming that the new process (starting in B and remaining in B) is irreducible, show that the new process is reversible and find its steady-state probabilities.

Reference no: EM13908933

Questions Cloud

Program that performs mathematical operations : Create a batch file program that performs 4 mathematical operations such as addition, subtraction, multiplication and division.
What is after-tax cost of capital for this debt financing : Great Seneca Inc. sells $100 million worth of 20-year to maturity 13.12% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $981 for each $1,000 bond. The firm's marginal tax rate is 40%. What is the after-tax cost of capital ..
What advantage and disadvantages of standardized information : What is standardized information and describe the two types of standardized information? Distinguish between these two types and provide an example of each.
What was the total interest charged for this amortization : Alice needed capital to expand his business. He borrowed a loan of $20,000,000 from the bank and the load would be compounded monthly at 4.5% p.a. immediately after the loan was incurred. Compute the monthly payment. What was the total interest charg..
Show that the new process is reversible : Assuming that the new process (starting in B and remaining in B) is irreducible, show that the new process is reversible and find its steady-state probabilities.
Compute the dealership sales price variance and sales : Compute the dealership's sales price variance and sales volume variance for the first six months of 2013.
Determining the value of any cash flow is the interest rate : We learned that one of the key variables in determining the value of any cash flow is the interest rate (sometimes referred to as discount rate). However, interest rates may be quoted in more than one way. What do the terms EAR and APR mean?
Present value of the hotels terminal value : The recently opened Grand Hyatt Wailea Resort and Spa on Maui cost $600 million, about $800,000 per room, to build. Assume that the $450 million expense of building the hotel can be written off straight line over a 30-year period (the other $150 mill..
Determining the properties of the system : Develop a utility in C language which will run in Linux operating systems to display following properties of the system:

Reviews

Write a Review

Advanced Statistics Questions & Answers

  What would be the predicted median household income

What would be the predicted median household income if the percentage of the population in the state were 50% or 50?

  Information about research and evaluation

Explain primary data and describe at least three types and how they are gathered. Explain the financial aspect of secondary data. How has the internet changed research processes

  Individual project most businesses can benefit from

individual project most businesses can benefit from statistical process controls to ensure consistency in product or

  Differences between markets and central planning

Discuss the differences between markets and central planning. Does this issue have anything to do with the demise of the Soviet Union? Explain.

  Managerial and financial accounting

What type of information does managerial accounting provide? What type of information does financial accounting provide?

  Treatment of allocated costs

Review your organization Toyota and its treatment of allocated costs. Retrieve any report in the organization that allocates common costs to a division, product, or service. Recast that report with unallocated costs and comment on the usefulness o..

  What is the score of cellular

What is the score of Telephone, what is the score of Cellular and what is the score of Cable

  Collecting data in statistics

You anticipate that your presentation with PiggyBank will go well, and want to get ideas for collecting data. Go to the Discussion Board and discuss data collection methods with your peer/mentor group.

  Estimating common equity from retained earnings

Your firm has been hired to help ABC Company to estimate the cost of common equity. The yield on the firm's bonds is 5.75%, and your firm's economists believe that the cost of common equity can be estimated using a risk premium of 2.5% over a firm..

  Correlation and regression

What are the degrees of freedom for regression

  Revenue and cost problem

Given the following linear revenue function and quadratic cost function for a business firm, calculate the break - even quantity, total revenue, total cost and profit at break even level of production.

  1 sam lucarelli owner of lucarelli products is evaluating

1. sam lucarelli owner of lucarelli products is evaluating whether to produce a new product line. after thinking

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd