(b) Consider a 3-state Markov Chain with the transition matrix. 1 P= 1/2 1/2 1/3 1/3 1/3 Find the stationary distribution of it.

Elementary Linear Algebra (MindTap Course List)
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ISBN:9781305658004
Author:Ron Larson
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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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(b)
Consider a 3-state Markov Chain with the
transition matrix.
1
P=
1/2
1/2
1/3
1/3
1/3
Find the stationary distribution of it.
Transcribed Image Text:(b) Consider a 3-state Markov Chain with the transition matrix. 1 P= 1/2 1/2 1/3 1/3 1/3 Find the stationary distribution of it.
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