Question

Please show your work. I need the solution steps more than the answer.

The probability of going from state 1 in period 2 to state 4 in period 3 is

a		p12
b		p23
c		p14
d		p43

Answer 1

Here' the answer to the question with full concept. Please don't hesitate to give a "thumbs up" in case you're satisfied with the answer

Here' is the concept:

So, markov chain transition matrix basically has probabilities of state change.

So, a state retention probability from 1 to 1 is designated as p11, from 2 to 2 is designated as p22, similarly, from from 1 to 2 is designated as p12.

So, from state 1 in period 2 to state 4 in next period(3) is designated by the probability notation p14.

Hence, c. is correct answer