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Linear AlgebraMediumMarkov Chains & Long-Run Behavior

Markov Chains & Long-Run Behavior · Medium problem

A three-state chain has transition matrix M=(0.50.20.10.30.60.30.20.20.6)M = \begin{pmatrix} 0.5 & 0.2 & 0.1 \\ 0.3 & 0.6 & 0.3 \\ 0.2 & 0.2 & 0.6 \end{pmatrix}, where MijM_{ij} is the probability of moving to state ii from state jj. What is the steady-state probability of state 2? Express your answer as a common fraction.