Rent-To-Keep Rents Household Furnishings by the Month

question 31

Essay

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

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Definitions:

Bullying

The act of intimidating, threatening, or harming someone perceived as vulnerable, often repeating over time and creating a power imbalance.

Violent Crimes

Acts of violence or aggression that are punishable by law, including murder, rape, assault, and robbery.

FBI

The Federal Bureau of Investigation, a domestic intelligence and security service of the United States and its principal federal law enforcement agency.

Forcible Rape

A criminal act involving the use of force or threat of force to perform sexual intercourse against somebody's will.