Stationary Distribution Consider the Markov Chain with two states A and B where from one state the
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Question:
Stationary Distribution
Consider the Markov Chain with two states A and B where from one state the probability of moving to the other state is p and the probability of staying put at the same state is 1 p.
(a) Find the stationary distribution of the chain.
(b) What is the limit of Qn as n where Q is the transition matrix for the chain.
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