Rent-To-Keep rents household furnishings by the month.At the end of a rental month a customer can: a)rent the item for another month,b)buy the item,or c)return the item.The matrix below describes the month-to-month transition probabilities for 32-inch stereo televisions the shop stocks.
Next Month
_{Rent Buy Return}
What is the probability that a customer who rented a TV this month will eventually buy it?

Question

Rent-To-Keep rents household furnishings by the month.At the end of a rental month a customer can: a)rent the item for another month,b)buy the item,or c)return the item.The matrix below describes the month-to-month transition probabilities for 32-inch stereo televisions the shop stocks.
Next Month
_{Rent Buy Return}

What is the probability that a customer who rented a TV this month will eventually buy it?

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The Answer of Rent-To-Keep rents household furnishings by the month.At the end of a rental month a customer can: a)rent the item for another month,b)buy the item,or c)return the item.The matrix below describes the month-to-month transition probabilities for 32-inch stereo televisions the shop stocks. Next Month _{Rent Buy Return} What is the probability that a customer who rented a TV this month will eventually buy it?

Rent-To-Keep Rents Household Furnishings by the Month