Question: 4.6 Consider the following transition probability matrix: P 5 0:5 0:25 0:25 0:3 0:3 0:4 0:25 0:5 0:25 2 4 3 5 a. Calculate p133;

4.6 Consider the following transition probability matrix: P 5 0:5 0:25 0:25 0:3 0:3 0:4 0:25 0:5 0:25 2 4 3 5

a. Calculate p13ð3Þ; p22ð2Þ, and p32ð4Þ.

b. Calculate p32ðNÞ

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