At a nationwide travel agency, newly hired employees are classified as beginners (B). Every 6 months the
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At a nationwide travel agency, newly hired employees are classified as beginners (B). Every 6 months the performance of each agent is reviewed. Past records indicate that transitions through the ranks to intermediate (I) and qualified (Q) are according to the following Markov chain, where F indicates workers that were fired:
(a) What fraction are eventually promoted?
(b) What is the expected time until a beginner is fired or becomes qualified?
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