Section 2: Markov Decision Processes Question 3: At a jewelry, every month the precision of a laser cutting tool is inspected, then classified as: state () = as new, state 1 = low imprecision, state 2 = major imprecision, or state 3 = out of order. = Suppose the jeweler has two operation policies to choose from and applies the first one defined as follows: Policy 1: do nothing in states 0, 1, 2 and replace the laser cutting tool in state 3. Suppose that the replacement process takes one month to complete with a lost profit of $16000 and a replacement cost of $32000, and that the costs of defectives are $ 0 for state 0, $8000 for state 1, and $24000 for state 2. If the steady-state probabilities of Policy 1 are: #0=2/9, al=3/9, 12=2/9, T3=2/9 What is the expected average operation cost per month