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Mathematics, 28.05.2021 21:30 bollipard1183
A system has three possible states, 0, 1 and 2. Every hour it makes a transition to a different state, which is determined by a coin flip. For example, from state 0, it makes a transition to state 1 or state 2 with probabilities 0.5 and 0.5.
a. Find the transition probability matrix.
b. Find the three-step transition probability matrix.
c. Find the steady-state distribution of the Markov chain.
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A system has three possible states, 0, 1 and 2. Every hour it makes a transition to a different stat...
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