A Markov chain has the transition probability matrix [0.3 0.2 0.5 0.5 0.1 0.4 _0.5 0.2 0.3 In the long run, what proportion of time is spent by the Markov chain in state 3?
A Markov chain has the transition probability matrix [0.3 0.2 0.5 0.5 0.1 0.4 _0.5 0.2 0.3 In the long run, what proportion of time is spent by the Markov chain in state 3?
Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Matrices
Section2.5: Markov Chain
Problem 47E: Explain how you can determine the steady state matrix X of an absorbing Markov chain by inspection.
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Hint: The correct answer is 0.40
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