Question: 1.4. A finite state regular Markov chain has transition probability matrix P = NP;j and limiting distribution IT = PIT;j. In the long run, what

1.4. A finite state regular Markov chain has transition probability matrix P = NP;j and limiting distribution IT = PIT;j. In the long run, what fraction of the transitions are from a presribed state k to a prescribed state m?

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