Data Science, Mathematics, Physics, Modelling, Economics.
be 0.25. The only other option would be to go from state 3 to state 3 after two steps. We can compute this probability in a very easy way. As the total probability has to be 1, it is just: Image made by me using LaTeX And if p=0.5 it is again 0.5 Again, the idea of probability is that if we repeat