Question: Problem 2: Consider a Markov Chain with state space S = {1, 2, 3} and transition matrix P shown below. Determine whether there exist invariant

Problem 2: Consider a Markov Chain with state space S = {1, 2, 3} and transition matrix P shown below. Determine whether there exist invariant measure, if exist, what's the invariant measure? a) 1/2 1/4 1/4 P = 1/4 1/2 1/4 1/4 1/4 1/2 b) 0 1/2 1/2 P = 0 1/2 1/2 0 1/2 1/2/

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