A certain firm has noticed that employees' salaries from year to year can be modeled by Markov analysis.The matrix of transition probabilities follows.
(a)Set up the matrix of transition probabilities in the form: 
(b)Determine the fundamental matrix for this problem.
(c)What is the probability that an employee who has received a raise will eventually quit?
(d)What is the probability that an employee who has received a raise will eventually be fired?
Definitions:
Borrower
An individual or entity that receives funds from a lender under the condition of returning it over time, with interest.
Lender
An individual, a financial institution or another entity that provides funds to others with the expectation that the funds will be repaid, typically with interest.
Current Liability
This refers to debts or obligations that are due to be paid within one year or within the normal operating cycle of the business, whichever is longer.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle.
Q13: The relationship between hours of preparation and
Q22: Consider the tasks, durations, and predecessor relationships
Q62: An airline company tracks the number of
Q63: A plant manager considers the operational cost
Q74: In a decision problem where we wish
Q112: In a PERT network, the latest (activity)start
Q116: Given the following distribution:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5481/.jpg" alt="Given
Q119: What can be said about an r<sup>2</sup>
Q129: The time required to travel downtown at
Q144: For df<sub>1</sub> = 4 and df<sub>2 </sub>=