In Exercises 3 and 4, consider a Markov chain on {1; 2; 3} with the given transition
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In Exercises 3 and 4, consider a Markov chain on {1; 2; 3} with the given transition matrix P. In each exercise, use two methods to find the probability that, in the long run, the chain is in state 1. First, raise P to a high power. Then directly compute the steadystate vector.
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P = .5 .3
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Related Book For
Linear Algebra And Its Applications
ISBN: 9781292351216
6th Global Edition
Authors: David Lay, Steven Lay, Judi McDonald
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