A supplier of toner cartridges of a certain brand checks his stock every Monday. If the stock is less than or equal to s cartridges, he orders an amount of S – s cartridges, which will be available the following Monday, 0 ≤ s <>
Let be the number of cartridges on stock on the Xnnth Sunday (no business over weekends) given that the supplier starts his business on a Monday.
(1) Is {X1, X2, ...} a Markov chain?
(2) If yes, obtain the matrix of the transition probabilities.
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