Question: Consider a Markov process with two states and transition probability matrix [3/4 1/4] P = [1/2 1/2] (a) Draw a Markov chain showing two

Consider a Markov process with two states and transition probability matrix [3/4 1/4] P = [1/2 1/2] (a) Draw

Consider a Markov process with two states and transition probability matrix [3/4 1/4] P = [1/2 1/2] (a) Draw a Markov chain showing two states and the transition probabilities. (b) Find the stationary distribution, and of the chain.

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