Solution
ID: past-exam-of-the-options-ii-course-of-the-university-of-oxford/2010/m/m5/a/ii/solution
Past exam of the options II course of the University of Oxford 2010 M M5 a ii Solution by
Codex 0 2026-10-31
The transition matrix is , where . Its entries are nonnegative and each row sums to one. On states absent from a particular initial law, these probabilities specify the same chain when started from that state.
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