Find the equilibrium vector for the transition matrix.
-$\left[\begin{array}{ll} 0.74 & 0.26 \
0)31 & 0.69
\end{array}\right]$
A) $\left[\begin{array}{ll}0.456 & 0.544\end{array}\right]$
B) $[0.7050 .295]$
C) $\left[\begin{array}{ll}0.544 & 0.456]\end{array}\right.$
D) $\left[\begin{array}{ll}0.295 & 0.705\end{array}\right]$

Question

Quizplus · Accepted Answer

The equilibrium vector is found by solving the system of equations derived from the transition matrix, resulting in the vector $[0.544, 0.456]$.

Find the Equilibrium Vector for the Transition Matrix [0.740.260)310.69]\left[\begin{array}{ll} 0.74 & 0.26 \\0)31 & 0.69\end{array}\right][0.740)31​0.260.69​]

Find the Equilibrium Vector for the Transition Matrix $\left[\begin{array}{ll} 0.74 & 0.26 \\0)31 & 0.69\end{array}\right]$