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Given the Following Vector of State Probabilities and the Accompanying

Question 98

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Given the following vector of state probabilities and the accompanying matrix of transition probabilities, find the next period vector of state probabilities.
(0.4 0.4 0.2) Given the following vector of state probabilities and the accompanying matrix of transition probabilities, find the next period vector of state probabilities. (0.4 0.4 0.2)

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