1. Define regular stochastic matrix. 2. Define the stable matrix and the stable distribution of a regular...

Question:

1. Define regular stochastic matrix.
2. Define the stable matrix and the stable of a regular stochastic matrix?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...