A certain three- state Markov chain has a transition probability matrix given by Determine if the Markov

Question:

A certain three- state Markov chain has a transition probability matrix given by

Determine if the Markov chain has a unique steady- state distribution or not. If it does, find that distribution.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...