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Q51Section B (Part B)51 of 120

Markov chains — how many stationary distributions

Let {Xn:n≥0}\{X_n:n\ge0\} be any homogeneous Markov Chain on the state space S={1,2,3,4}S=\{1,2,3,4\} having the transition probability matrix P=(pij)i,j∈SP=(p_{ij})_{i,j\in S} given by

P=(1402311201001120142323011214).P=\begin{pmatrix} \frac14 & 0 & \frac23 & \frac1{12}\\ 0 & 1 & 0 & 0\\ \frac1{12} & 0 & \frac14 & \frac23\\ \frac23 & 0 & \frac1{12} & \frac14 \end{pmatrix}.

Which of the following statements about stationary distributions of any such Markov Chain is true?

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