Relative Strength Relative Strength Percentage Last Week This Week of Weeks Stocks stronger Stocks stronger 80 Bonds stronger 10 Equally Strong 10 Bonds stronger Stocks stronger 20 Bonds stronger 60 Equally Strong 20 Equally Strong Stocks stronger 20 Bonds stronger 70 Equally Strong 10 Assume that state 1 is Stocks stronger, that state 2 is Bonds stronger, and that state 3 is Equally Strong. Find the transition matrix for this Markov process. P =

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A: This question can be solved using formula for reducing powers cos A2=1+cos(2A)2

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A: Solution