Consider the Transition Matrix The Steady-State Probability of Being in State 1 Is Approximately

Multiple Choice

Consider the transition matrix:
$\begin{array} { l } \left| \begin{array} { l l l } .3 & .2&.5\end{array} \right| \\\quad\quad\begin{array} { l l l } \mid.1 & .6 & .3 \mid\\ \mid .2 & .3 & .5\mid \end{array} \\\end{array}$
The steady-state probability of being in state 1 is approximately:

A) .177
B) .231
C) .300
D) .403