Question: Q18. Suppose M is a stochastic matrix representing the probabilities of transitions each day. Compute the matrix of compounded transition probabilities for 2 days into

 Q18. Suppose M is a stochastic matrix representing the probabilities of

Q18. Suppose M is a stochastic matrix representing the probabilities of transitions each day. Compute the matrix of compounded transition probabilities for 2 days into the future, or M2, (Note, prior to multiplying matrices, the given components of M must be used to fill in the missing component [**] such that M is a stochastic matrix.) M = 0.80 0.07 0.35 0.14 0.28 0.41 0.06 ** 0.24 What is m3s in the matrix M2? (Round to 3 decimal places.)

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