The continuous-time stochastic process

Reference no: EM131131039

Suppose that the continuous-time stochastic process {X(t),t ≥ 0}, whose state space is {0,1}, spends an exponential time with parameter 1 in a state the first time it visits this state. The second time it visits a state, it stays there an exponential time with parameter 2. When both states have been visited twice each, the process starts anew.

Reference no: EM131131039

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