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I would like to know how to solve this problem using POM or Excel Alan Resnik, a...

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Statistics

I would like to know how to solve this problem using POM orExcel

Alan Resnik, a friend of Ray Cahnman, bet Ray $5 that Ray’s carwould not start 5 days from now (see Problem 14-8).

  1. What is the probability that it will not start 5 days from nowif it started today?

  2. What is the probability that it will not start 5 days from nowif it did not start today?

  3. What is the probability that it will start in the long run ifthe matrix of transition probabilities does not change?

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