Question: Please help answer the question below in the picture, thanks a lot. PROBLEM SET 23.2A *1. A company reviews the state of one of its

Please help answer the question below in the picture, thanks a lot. Please help answer the question below in the
PROBLEM SET 23.2A *1. A company reviews the state of one of its important products annually and decides whether it is successful (state 1) or unsuccessful (state 2). The company must decide whether or not to advertise the product to further promote sales. The following matrices, Pl and PP, provide the transition probabilities with and without advertising during any year. The associated returns are given by the matrices Rand R? Find the optimal deci- sions over the next 3 years. p!= (:), r' = (-3) p2 = (2 :3), R2 = (2 -1) PROBLEM SET 23.2A *1. A company reviews the state of one of its important products annually and decides whether it is successful (state 1) or unsuccessful (state 2). The company must decide whether or not to advertise the product to further promote sales. The following matrices, Pl and PP, provide the transition probabilities with and without advertising during any year. The associated returns are given by the matrices Rand R? Find the optimal deci- sions over the next 3 years. p!= (:), r' = (-3) p2 = (2 :3), R2 = (2 -1)

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