Question: Q17. Suppose M is a stochastic matrix representing the probabilities of transitions each month. Compute the matrix of compounded transition probabilities for 3 months into

Q17. Suppose M is a stochastic matrix representing the probabilities of transitions each month. Compute the matrix of compounded transition probabilities for 3 months into the future, or M3, (Note, prior to multiplying matrices, the given components of M must be used to fill in the missing components [**] such that M is a stochastic matrix.) M= 025 ** 040 What is m35 in the matrix Mm3? (Round to 3 decimal places.)

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