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It seems like before the components part the important thing was to find $\mathcal{I}^{-1}$. What is the significance of that? Find the inverse in the first place?
So according to Wikipedia: "The rank of [a matrix] equals the number of non-zero singular values". Since the density matrices are 4x4, a rank of 2 would mean that two of the eigenvalues would be zero, making the determinant zero. Right?