Find the stationary probabilities

Reference no: EM131832970

Random walk with retaining barriers, Consider a straight line on which positions 0, 1, 2, ... , 7 are marked off. Consider a man who performs a random walk among the positions according to the following transition probability matrix:

2487_transition probability matrix.png

Prove that the Markov chain is ergodic. Find the stationary probabilities.

Reference no: EM131832970

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