Question: Q16. Suppose M is a stochastic matrix representing the probabilities of transitions each day. Use the given components of M to fill in the missing

 Q16. Suppose M is a stochastic matrix representing the probabilities of

Q16. Suppose M is a stochastic matrix representing the probabilities of transitions each day. Use the given components of M to fill in the missing component [**] such that M is a stochastic matrix. M = 0.80 0.07 0.35 0.14 0.51 0.41 0.06 ** 0.24 What is the missing component in the matrix M? (Enter probability to 2 decimal places.)

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