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?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Hint: The correct answer is 0.40
![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F92647e27-1395-4f3a-bae2-9ef12a021727%2F87f5f897-b669-45f4-86fb-39c83440919e%2Fj8b75un_processed.png&w=3840&q=75)
Transcribed Image Text: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?
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