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Mathematics, 31.05.2021 15:30 lalaokawami0912

Problem 7.1 (10 points) Let pXnqn"0,1,... be a Markov chain with state space S " t1, 2, 3u and transition probability matrix P " ¨ ˝ 0.5 0.4 0.1 0.3 0.4 0.3 0.2 0.3 0.5 ˛ ‚. (a) Compute the stationary distribution π. (b) Is the stationary distribution π also the limiting distribution? Give a reason for your answer.

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Problem 7.1 (10 points) Let pXnqn"0,1,... be a Markov chain with state space S " t1, 2, 3u and trans...

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