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In: Statistics and Probability

Consider a birth-and-death process with three states 0, 1,2 for which the steady state probabilities are...

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

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