Homogenous transition probability matrix
A homogenous transition probability matrix is given below. Find the steady state probabilities of state.
States 1 2 3 4
1 0.4 0.3 0.2 0.1
2 0.3 0.3 0.2 0.2
3 0.1 0.4 0.3 0.2
4 0.1 0.4 0.4 0.1
How would your answer change if P11 = 1.0
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