Decision Science MCQ Set 3

QN1. In Markov analysis, state probabilities musta. Sum to oneb. Be less than onec. Be greater than oned. None of the above AnswerAnswer: a. Sum to one QN2. State transition probabilities in the Markov chain shoulda. Sum to 1b. Be less than 1c. Be greater than 1d. None of the above AnswerAnswer: a. Sum to…

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