This is a matrix [0.1 0.2 0.6] M = 0.8 0.3 0.2 0.1 0.5 0.2 (a) Explain why M is stochastic (ie Markov) matrix and why M is regular. (b) Draw a dynamic system that has M as its transition matrix. (c) Find the unequal steady-state vector

Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Matrices
Section2.5: Markov Chain
Problem 33E
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Please answer both subparts, please solve in 30 mins

This is a matrix
[0.1 0.2 0.6]
= 0.8 0.3 0.2
0.1 0.5 0.2
(a) Explain why M is stochastic (ie Markov) matrix and why M is
regular.
(b) Draw a dynamic system that has M as its transition matrix.
(c) Find the unequal steady-state vector
Transcribed Image Text:This is a matrix [0.1 0.2 0.6] = 0.8 0.3 0.2 0.1 0.5 0.2 (a) Explain why M is stochastic (ie Markov) matrix and why M is regular. (b) Draw a dynamic system that has M as its transition matrix. (c) Find the unequal steady-state vector
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