In: Statistics and Probability
35% of the population is in state A, 25% in state B, and 40% in state C.
The monthly transition matrix, T, is:
A B C
A .1 .5 .4
T= B .3 .25 .45
C .5 .3 .2
a) What percent will be in state A after five months?
b)Find the equilibrium vector for the population.