Answer:
The stationary matrix is:
S = [0.2791, 0.7209]
Step-by-step explanation:
The transition matrix, <em>P</em> is:
The stationary matrix S for the transition matrix P would be obtained by computing <em>k</em> powers of <em>P</em> until all the two rows of <em>P</em> are identical.
Compute P² as follows:
Compute P³ as follows:
Compute P⁴ as follows:
Compute P⁵ as follows:
For <em>k</em> = 5, we get both the rows identical.
The stationary matrix is:
S = [0.2791, 0.7209]