Repeat Example 5 for Data from Example 5 Compute powers of the transition matrix P to approximate

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Repeat Example 5 for

P = .3 .2 .1 .6 .3 .2 .1 .5 7


Data from Example 5

Compute powers of the transition matrix P to approximate P̅ and S to four decimal places. Check the approximation in the equation SP = S.

P = .5 .2 7.1.2 4 .1 .3 .5

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Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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