The state of a particular continuous time Markov chain is defined as the number of jobs currently

Question:

The state of a particular continuous time Markov chain is defined as the number of jobs currently at a certain work center, where a maximum of two jobs are allowed. Jobs arrive individually. Whenever fewer than two jobs are present, the time until the next arrival has an exponential with a mean of 2 days. Jobs are processed at the work center one at a time and then leave immediately. Processing times have an exponential with a mean of 1 day.
(a) Construct the rate diagram for this Markov chain.
(b) Write the steady-state equations.
(c) Solve these equations for the steady-state probabilities.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...