S. A car rental agency has offices in Phoenix, Denver, Chicago, and Atlanta. The agency allows one-
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S. A car rental agency has offices in Phoenix, Denver, Chicago, and Atlanta. The agency allows one- and two-way rentals so that cars rented in one location may end up in another.
Statistics show that at the end of each week 70% of all rentals are two-way. As for the one-way rentals: From Phoenix, 20% go to Denver, 60% to Chicago, and the rest goes to Atlanta; from Denver, 40% go to Atlanta and 60% to Chicago; from Chicago, 50% go to Atlanta and the rest to Denver; and from Atlanta, 80% go to Chicago, 10% to Denver, and 10% to Phoenix.
(a) Express the situation as a Markov chain.
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