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In this question you will find the steady-state probability distribution for the regular transistion matrix below with 3 states A, B, and C. A B A 0.4 0.4 0.2 0.5 0.0 0.5 0.1 0.8 0.1 Give the following answers as fractions OR as decimals correct to at least 5 decimal places. What is the long term probability of being in state A? What is the long term probability of being in state B? What is the long term probability of being in state C?

In this question you will find the steady-state probability distribution for the regular transistion matrix below with 3 states A, B, and C. A B A 0.4 0.4 0.2 0.5 0.0 0.5 0.1 0.8 0.1 Give the following answers as fractions OR as decimals correct to at least 5 decimal places. What is the long term probability of being in state A? What is the long term probability of being in state B? What is the long term probability of being in state C?

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 54E: Conditional probability If 40 of the population have completed college, and 85 of college graduates...
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In this question you will find the steady-state probability distribution for the regular transistion matrix below with 3 states A, B, and C. A В с 0.4 0.4 0.2 A В 0.5 0.0 0.5 0.1 0.8 0.1 Give the following answers as fractions OR as decimals correct to at least 5 decimal places. What is the long term probability of being in state A? What is the long term probability of being in state B? What is the long term probability of being in state C?
Transcribed Image Text:In this question you will find the steady-state probability distribution for the regular transistion matrix below with 3 states A, B, and C. A В с 0.4 0.4 0.2 A В 0.5 0.0 0.5 0.1 0.8 0.1 Give the following answers as fractions OR as decimals correct to at least 5 decimal places. What is the long term probability of being in state A? What is the long term probability of being in state B? What is the long term probability of being in state C?
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