![The probability of reaching a terminal state in a Markov chain](https://blogs.sas.com/content/iml/files/2023/07/MarkovSim7-640x336.png)
A previous article shows how to model the probabilities in a discrete-time Markov chain by using a Markov transition matrix. A Markov chain is a discrete-time stochastic process for which the current state of the system determines the probability of the next state. In this process, the probabilities for transitioning