1. Consider the Markov chain with the following transition matrix. (1/2 1/2 0 1/3 1/3 1/3 1/2 1/2 1/3) 0 (a) Draw the tr
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1. Consider the Markov chain with the following transition matrix. (1/2 1/2 0 1/3 1/3 1/3 1/2 1/2 1/3) 0 (a) Draw the tr
1. Consider the Markov chain with the following transition matrix. (1/2 1/2 0 1/3 1/3 1/3 1/2 1/2 1/3) 0 (a) Draw the transition diagram of the Markov chain. (b) Is the Markov chain ergodic? Give a reason for your answer. (c) Compute the two step transition matrix of the Markov chain. (d) What is the state distribution for t = 2 if the initial state. distribution for t=0 is To= (0.3, 0.45, 0.25)?
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