[问答题]
Austin allocates a port
ym jn:fs3si05pra --yion of his employment s
-c 2z2eslvt5 k)kwg7l4xy-ecalary each month to investing and invests this money into two stock funds: A and B. He adjusts his investment portfolio each
l-zec5kwc2l t y24x )k-sge7v month according to the following transition diagram.
1. Construct a transition matrix $\boldsymbol{T}$ with elements in decimal form.
2. Interpret the meaning of the elements with values
1. 0.1
2. 0.7
The initial state of his investment portfolio is 100 % in stock fund B.
3. 1. Find the investment proportion in stock fund A after 3 months.
2. Determine the long term steady state proportion of his investment between the two stock funds.
