Question: Tr Exercise 2.24. Consider a two-state Markov chain with state space {0, 1} and the following transition probability matrix: 1 - P = q 1-9

Exercise 2.24. Consider a two-state Markov chain with state space {0, 1} and the following transition probability matrix: 1 - P = q 1-9 For all choices of p, q, [0, 1] find all stationary distributions for this Markov chain. For which pairs of values will there be only one stationary distribution?

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