Provide an appropriate response. the probability that a car owner will become a car renter in five years is 0.03. the probability that a renter will become an owner in five years is 0.1. suppose the proportions in the population are 64% owners (o), 35.5% renters (r) and .5% neither (n) with the following transition matrix. orn o(0.94 0.06 01 r 0.12 0.879 0.001 no 32 0.68 find the long-range probabilities for the three categories. oa) (0.94 0.879 0.001] ob) 0.6660.333 0.001] oc) (0.94 0.06 0] od) [0.64 0.355 0.0051 question 48 (1 point)