Stochastic Models in Operations Research project The project needs to include following parts: 1. Introduction (introduce the project by one or two paragraph) 2. Solve(1a) and (1b), including all the compute process (include any pics, chart for code/print-outs from Excel/LINDO/Matlab that have been employee...) 3. Detailed discussion below each question. 4. A brief summary P value = 0.445 where 0< p <1. Consider a factory which uses a single machine as part of one of its production processes. This machine may deteriorate rapidly with usage, leading to poor quality, and its condition falls into one of four states: Let Xk denote the state of the machine at the end of week Hint .