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
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Determine if the Markov chain has a unique steady- state distribution or not. If it does, find that distribution.
0.4 0.5 0.1 P 0.05 0.7 0.25 0.05 0.5 0.45
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The eigende composition of the given transition matrix is From this it is easily d... View full answer
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