If we want the expected number of time periods a chain is spent in state j given it started in state i, what are the steps for calculating this?

Study for the MAS-1 exam of the Casualty Actuarial Society. Utilize flashcards and multiple choice questions with detailed hints and explanations for each query. Prepare thoroughly for your exam!

Multiple Choice

If we want the expected number of time periods a chain is spent in state j given it started in state i, what are the steps for calculating this?

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