Find the steady-state vector for the matrix below. 0.7 0.2 0.3 0.8 0.4 The steady-state vector is 0.6 (Type an integer or decimal for each matrix element.

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**Finding the Steady-State Vector for a Matrix**

Given the following matrix:

\[ 
\begin{bmatrix} 
0.7 & 0.2 \\ 
0.3 & 0.8 
\end{bmatrix} 
\]

**The Steady-State Vector is:**

\[
\begin{bmatrix} 
0.4 \\ 
0.6 
\end{bmatrix} 
\]

*(Type an integer or decimal for each matrix element.)*

In this context, the steady-state vector represents the long-term behavior of a system described by the matrix. Each element in the vector indicates the proportion or probability distribution when the system reaches equilibrium.
Transcribed Image Text:**Finding the Steady-State Vector for a Matrix** Given the following matrix: \[ \begin{bmatrix} 0.7 & 0.2 \\ 0.3 & 0.8 \end{bmatrix} \] **The Steady-State Vector is:** \[ \begin{bmatrix} 0.4 \\ 0.6 \end{bmatrix} \] *(Type an integer or decimal for each matrix element.)* In this context, the steady-state vector represents the long-term behavior of a system described by the matrix. Each element in the vector indicates the proportion or probability distribution when the system reaches equilibrium.
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