Question: Help with this question: A machine M is either working or in the repair center. If it is working today, then there is a 95%

Help with this question:

Help with this question: A machine M is either working or in

A machine M is either working or in the repair center. If it is working today, then there is a 95% chance that it will be working tomorrow. If it is in the repair center today, then there is a 40% chance that it will be working tomorrow. (a) Name the two states for this repair facility problem (b) Draw the Markov chain diagram. (c) The help desk is trying to figure out how much to charge to maintain machine M. They figure that it costs them $300 every day that machine M is in repair. What will the annual repair bill be

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