Box final answers, do not use excel, write neatly, follow instructions for THUMBS up

A baseball team consists of 4 stars, 11 starters, and 15 substitutes. For tax purposes, the team owner must value the players. The value of each player is defined to be the total value of the salary he will earn until retirement. At the beginning of each season, the players are classified into one of four categories. Category 1: Star (earns $1.9 million per year) Category 2: Starter (earns $600,000 per year) Category 3: Substitute (earns $200,000 per year) Category 4: Retired (earns no more salary) Given that a player is a star, starter, or substitute at the beginning of the current season, the probabilities that he will be a star, starter, substitute, or retired at the beginning of the next season are as follows: Next Season Starter Substitute .15 .50 Star 1.05 Retired .30 This Season Star Starter Substitute Retired 1.10 20 20 .50 30 10 (a) Which states are transient? (b) Which states are absorbing? (c) Calculate (l-Q) 1 and (I-Q) 1.R. (d) Determine the value of the team's players. A baseball team consists of 4 stars, 11 starters, and 15 substitutes. For tax purposes, the team owner must value the players. The value of each player is defined to be the total value of the salary he will earn until retirement. At the beginning of each season, the players are classified into one of four categories. Category 1: Star (earns $1.9 million per year) Category 2: Starter (earns $600,000 per year) Category 3: Substitute (earns $200,000 per year) Category 4: Retired (earns no more salary) Given that a player is a star, starter, or substitute at the beginning of the current season, the probabilities that he will be a star, starter, substitute, or retired at the beginning of the next season are as follows: Next Season Starter Substitute .15 .50 Star 1.05 Retired .30 This Season Star Starter Substitute Retired 1.10 20 20 .50 30 10 (a) Which states are transient? (b) Which states are absorbing? (c) Calculate (l-Q) 1 and (I-Q) 1.R. (d) Determine the value of the team's players