A person buys stock of a certain company at a price of 3 cents a share. The investor decides to sell her shares if their value decreases to 1 cent or becomes greater that or equal to 5 cents. Let Xn be the value of the shares (for the investor) after n days. We suppose {xn, n = 0, 1, · · · } is a Markov chain having a state space {0, 1, · · · , 7}, and for which rows 3 to 5 (corresponding to states 2,3,4) of the one-step transition probability matrix P are the following: P =   1/8 1/4 1/4 1/8 0 0 0 1/12 1/7 1/4 1/21 1/4 1/7 1/12 0 0 1/12 1/7 1/4 1/21 1/4 1/7 1/12 

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Answer 1

Answer:

Explanation:

122345*


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from integers from 1-50, inclusive, 1 integer will be selected randomly. whics is the most likely

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Answer:The integer selected will be even.

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