Question: Complete solution please A company can use advertisement through one of the two media: radio or news. The weekly costs of advertisement in the two

Complete solution please
Complete solution please A company can use
Complete solution please A company can use
A company can use advertisement through one of the two media: radio or news. The weekly costs of advertisement in the two media are estimated at $400 and $350, respectively. The company can classify its sales volume during each week as either Fair, or Good. A summary of the transition probabilities associated with each advertising medium follows. Radio News F 0.6 0.4 F 0.5 0.5 G 0.3 0.7 G 0.4 0.6 And the corresponding weekly returns in (thousands of dollars) are Radio Newspaper F 400 750 F 600 875 G 600 1000 G 500 950 find the optimal advertisement policy over the next 3 weeks. Exhaustive enumeration: Write all the stationary policies, and give the transition matrix and cost matrix for each policy and solve for E, v, T. Label your policies properly

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