Question: 4. (10 points) Answer the following questions: (a) Consider a two-state Markov chain. Suppose that in a game of poke Talking: win a hand,

4. (10 points) Answer the following questions: (a) Consider a two-state Markov

4. (10 points) Answer the following questions: (a) Consider a two-state Markov chain. Suppose that in a game of poke Talking: win a hand, the probability of winning the next hand is . However, if you lose a hand, the probability of winning the next hand is Give the transition matrix of the Markov chain and compute the stable distribution for the Markov chain.

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