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OpenStudy (anonymous):
(i) If volume is high this week, then next week it will be high with a probability of 0.6 and low with a probability of 0.4. (ii) If volume is low this week then it will be high next week with a probability of 0.2. Assume that state 1 is high volume and that state 2 is low volume. 3) What is the probability that volume will be high for three consecutive weeks?
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