A **stochastic matrix** is a square matrix used in probability theory and statistics that describes a system where the probabilities of transitions from one state to another are represented. Each of its rows (or columns, depending on the type of stochastic matrix) sums to one, reflecting the fact that the total probability must equal one. There are two main types of stochastic matrices: 1. **Right Stochastic Matrix**: In a right stochastic matrix, each row sums to one.
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