Consider a Markov process with state space S= {1,2,3} and transition matrix P. p=  p             q        0        1/2         0        1/2        p-1/2     7/10    1/5 Find the values of p and q

Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Matrices
Section2.5: Markov Chain
Problem 47E: Explain how you can determine the steady state matrix X of an absorbing Markov chain by inspection.
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Consider a Markov process with state space S= {1,2,3} and transition matrix P.

p=  p             q        0

       1/2         0        1/2

       p-1/2     7/10    1/5

Find the values of p and q

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