1. The problem statement, all variables and given/known data A Markov process with 4 states evolves in unit time steps with a transition probability matrix given by P = |0.5 0 0.3 0.2| |0.1 0.4 0.2 0.3| | 0 0.4 0.4 0.2| |0.1 0.1 0.1 0.7| Find the equilibrium probabilities for this system. What is the most likely state for the system after many time steps? 2. Relevant equations Im not sure what equations to use 3. The attempt at a solution I have written the first two steps free hand using the method on this video at 33 minutes in but im not sure if I need to use a formula instead of writing it out fully. Its taking a very long time and I only have up to n=2 steps.