Linear AlgebraMediumMarkov Chains & Long-Run Behavior
Markov Chains & Long-Run Behavior · Medium problem
A two-year college programme is modelled as an absorbing Markov chain. Each year a first-year student advances to second year with probability , repeats first year with probability , and drops out with probability . A second-year student graduates with probability , repeats second year with probability , and drops out with probability . Graduating and dropping out are absorbing. What is the probability that an entering first-year student eventually graduates? Express your answer as a common fraction.