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In Markov analysis state probabilities must

This question belongs to Management Operations Research
Operations Research
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In Markov analysis, state probabilities must.

Answer & Solution
Correct Answer: Option A
In Markov analysis, state probabilities must sum to one. Markov assumptions: (1) the probabilities of moving from a state to all others sum to one, (2) the probabilities apply to all system participants, and (3) the probabilities are constant over time.
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