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A stochastic process with the property that the future is conditionally independent of the past, given the present.

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Find transition probability matrix

A box contains 3 balls. Each is either white or red. The game is to draw a ball from each period. If red is drawn, a white is replaced. But if white is drawn, all the balls in the box is replaced by r …
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1 vote
0 answers
35 views

Transition probability matrix

A gambler tosses a coin and a tetrahedron at each stage. If $H$, he receives the amount appearing at the face of the tetrahedron. If $T$, he pays the amount. The tetrahedron is fair, but probability o …
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