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Consider the following (one-step) transition matrix of a Markov chain: State 1 2 3 0.018 0.737 0.243 0.002 1. 0.748 0.070 0.144 0.038 P =

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Consider the following (one-step) transition matrix of a Markov chain: State 1 2 3 0.018 0.737 0.243 0.002 1. 0.748 0.070 0.144 0.038 P = 2 0.103 0.402 0.450 0.045 3 0.293 0.203 0.065 .0.439 (a) (10 marks) Find the steady-state probabilities of all states of this Markov chain. (b) (10 marks) Find the probabilities that the first passage time from states i to state 1 is equal to 2, for all i. (c) (10 marks) Find the expected recurrence times for state 1, and the expected first passage times from state i to state 1, for all i * 1

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