“…In the last two decades, a large literature has been devoted to the application of bounded stochastic processes to many scientific areas. For example: noise-induced transitions [4], stochastic resonance [5], Kramers problem [6], bifurcation theory [7], parametric resonance [8], fractional mechanics [9], nonlinear mechanics [10], chaotic systems [11], tumor biophysics [2,12], cell biology [13], ecology [14], environmental sciences [15], interacting cellular populations [16], delayed systems [17], neurosciences [18], chemistry [19], and population genetics [20]. However, the best known and oldest example of bounded stochastic process is probably the dichotomous Markov noise, also known as telegraph noise [15].…”