1/4 3/4 3/4 2 1/4 Figure 3.10 A two-state discrete Markov chain . Consider the discrete-time Markov chain whose state transition diagram is given in Figure 3.10. (i) Find the probability transition matrix P.

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Figure 3.10 A two-state discrete Markov chain
3. Consider the discrete-time Markov chain whose state transition
diagram is given in Figure 3.10.
(i) Find the probability transition matrix P.
(ii) Find Ps.
(iii) Find the equilibrium state probability vector ĩ.
Transcribed Image Text:1/4 3/4 3/4 2 1/4 Figure 3.10 A two-state discrete Markov chain 3. Consider the discrete-time Markov chain whose state transition diagram is given in Figure 3.10. (i) Find the probability transition matrix P. (ii) Find Ps. (iii) Find the equilibrium state probability vector ĩ.
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