Question: Please solve the following Continuous Time Markov Process problem associated with Poisson process: 3. (10 points total) Commercial airline crashes occur only rarely, but they
Please solve the following Continuous Time Markov Process problem associated with Poisson process:

3. (10 points total) Commercial airline crashes occur only rarely, but they seem to happen in clusters. A Poisson process provides a relatively good model for such events. Assume that the worldwide rate of crashes is 2.5 per year. (a) (5 points) What is the probability of going more than a year without any crashes? {Remember to show your work, any formulae used, and/ or MATLAB code). (b) {5 points) Write the probability of more than two crashes in a single 3-month period. (Remember to show your work, any formulae used, and/ or MATLAB code)
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