Consider the Markov process below. 2 1 3 1 2 5 a) Based on the transition diagram, what is the process transition intensity matrix Q? Is the process irreducible? b) Solve the equilibrium distribution of the process by solving the global equilibrium conditions (GBE). Hint: You can use the lowest "intuitive form" of the balance condition and you can also convince yourself that the upper matrix form Q = 0 . 1 really leads to the same equations! [Answer: TO ] 6 c) Why are GBEs needed and only local equilibrium conditions (LBE) are not sufficient?