Q17. Suppose M is a stochastic matrix representing the probabilities of transitions each month. Compute the matrix of compounded transition probabilities for 3 months into the future, or M³. (Note, prior to multiplying matrices, the given components of M must be used to fill in the missing components [**] such that M is a stochastic matrix.)

MATLAB: An Introduction with Applications
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Q17. Suppose M is a stochastic matrix representing the probabilities of transitions
each month. Compute the matrix of compounded transition probabilities for 3
months into the future, or M³. (Note, prior to multiplying matrices, the given
components of M must be used to fill in the missing components [**] such that M is
a stochastic matrix.)
M=[
What is m22 in the matrix M³? (Round to 3 decimal places.)
0.35
**
**
0.70
Transcribed Image Text:Q17. Suppose M is a stochastic matrix representing the probabilities of transitions each month. Compute the matrix of compounded transition probabilities for 3 months into the future, or M³. (Note, prior to multiplying matrices, the given components of M must be used to fill in the missing components [**] such that M is a stochastic matrix.) M=[ What is m22 in the matrix M³? (Round to 3 decimal places.) 0.35 ** ** 0.70
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