A store down the street is selling a bicycle for 45% off the retail price. The bicycle regularly sells for $115.00. What is the
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Answer:
Probability distribution vector =
Step-By-Step Explanation
If is the transition matrix for a Markov chain with two states.
be the initial state vector for the population.
In the long run, the probability distribution vector Xm approaches the probability distribution vector .
This is called the steady-state (or limiting,) distribution vector.