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Properties of Transition Matrices

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Consider the transition matrix T=(0.70.20.30.8)T=\begin{pmatrix}0.7 & 0.2 \\ 0.3 & 0.8\end{pmatrix}. Which of the following statements is/are true?

I. In matrix TT, the sum of the entries in each column is 1.

II. Transition matrices are used to model how a system’s state changes over discrete time intervals.

III. Every transition matrix is invertible.

A

All statements I, II, and III are true.

B

Only statements I and II are true.

C

Only statement I is true.

D

Only statements II and III are true.

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