Question 3 Consider a discrete time Markov Chain pxn} on the state space (1, 2, 3) with the transition matrix given as follows: 1/2 1/4 1/4 1/3 2/3 1/2 1/2

Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
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Chapter2: Matrices
Section2.5: Markov Chain
Problem 47E: Explain how you can determine the steady state matrix X of an absorbing Markov chain by inspection.
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Question 3
Consider a discrete time Markov Chain (Xn} on the state space (1, 2, 3) with the transition matrix given as follows:
P=
1/2
1/4
1/4
1/3
2/3
1/2
1/2
Then P( X1 = 3, X2 = 2,X3 = 1) is given by
3/16
O 1/12
4/18
14/36
OO
Transcribed Image Text:Question 3 Consider a discrete time Markov Chain (Xn} on the state space (1, 2, 3) with the transition matrix given as follows: P= 1/2 1/4 1/4 1/3 2/3 1/2 1/2 Then P( X1 = 3, X2 = 2,X3 = 1) is given by 3/16 O 1/12 4/18 14/36 OO
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