help pleasehandwritten answer needed Given the following transition matrix, what is the probability that the chain is in State 3 in the long run? Give your answer in 3 decimal places.0.25 0.5 0.25.(0.5 0.5 00 0.5 0.5Consider the Markov Chain in Example 1, suppose Xo=2, find P(X3=3). Give your answer in 3 decimal place.0.5 0.5 0 00 0.5 0.500 0.5 0.5)0 0 1

Name: help pleasehandwritten answer needed Given the following transition ma
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Description: help pleasehandwritten answer needed Given the following transition matrix, what is the probability that the chain is in State 3 in the long run? Give your answer in 3 decimal places.0.25 0.5 0.25.(0.5 0.5 00 0.5 0.5Consider the Markov Chain in Examp

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Math

Statistics

Given the following transition matrix, what is the probability that the chain is in State 3 in the long run? Give your answer in 3 decimal plac 0.25 0.5 0.25 0.5 0.5 0 O 05 05

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter3: Matrices

Section3.7: Applications

Problem 3EQ: In Exercises 1-4, let P=[0.50.30.50.7] be the transition matrix for a Markov chain with two states....

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