Markov Chain: Invariant Distribution
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Consider the Markov chain with transition matrix (please see the attached file) where 0 <= p <= 1 and 0 <= q <= 1. Find an invariant distribution of this chain, For which values of p and q is the distribution unique? Given an initial distribution (please see the attached file), for which values of p and q will this distribution evolve toward the unique invariant distribution?
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Solution Summary
This solution provides a detailed, step-by-step explanation of how to solve the given problems involving a given Markov chain.
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