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A Markov chain has 3 possible states: 1, 2, and 3. Every hour, it makes a transition to a different state. From state 1, transitions to states 2 and 3 are equally likely. From state 2, transitions to states 1 and 3 are equally likely. From state 3, it always makes a transition to state 1. Find the steady-state distribution.

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Answer:

Please see attachment

Explanation:

Please see attachment

A Markov chain has 3 possible states: 1, 2, and 3. Every hour, it makes a transition-example-1
A Markov chain has 3 possible states: 1, 2, and 3. Every hour, it makes a transition-example-2
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