In: Statistics and Probability
Consider a birth-and-death process with three states 0, 1,2 for which the steady state probabilities are P0, P1 and P2. The process summarized as follows.
State | Birth Rate | Death Rate |
0 | 3 | - |
1 | 5 | 8 |
2 | 0 | 5 |
-Construct rate diagram
-Develop balance equations and find P values