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Stationary Distribution

Probability Level 2

Find a stationary distribution for the 2-state Markov chain with stationary transition probabilities given by the following graph:

\left(\frac{1}{2}, \ \frac{1}{2}\right)

\left(\frac{8}{15}, \ \frac{7}{15}\right)

\left(\frac{3}{5}, \ \frac{2}{5}\right)

(1, \ 0)

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by Henry Maltby

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