A Markov chain has the transition probability matrix 0.2 0.6 0.2] 0.5 0.1 0.4 0.1 0.7 0.2| In the long run, what proportion of time is spent by the Markov chain in state 1?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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A Markov chain has the transition probability matrix
0.2 0.6 0.2]
0.5 0.1 0.4
0.1 0.7 0.2|
In the long run, what proportion of time is spent by the Markov chain in state 1?
Transcribed Image Text:A Markov chain has the transition probability matrix 0.2 0.6 0.2] 0.5 0.1 0.4 0.1 0.7 0.2| In the long run, what proportion of time is spent by the Markov chain in state 1?
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