If the stationary probability of state 0 in a Markov chain is 0.2, what is the expected return time to state 0?

Master the Casualty Actuarial Society MAS-1 Exam with flashcards and multiple choice questions, hints, and explanations. Get prepared for your exam!

Multiple Choice

If the stationary probability of state 0 in a Markov chain is 0.2, what is the expected return time to state 0?

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