[See] The new President of a local university has hired a consulting team to advise her on fundraising efforts. The team has come up with the following


Question: The new President of a local university has hired a consulting team to advise her on fundraising efforts. The team has come up with the following analysis. Projected Amount Raised in millions (x) P(x) 70 .05 100 .10 125 .30 150 .30 200 .20 300 .05

  1. Is this a valid probability distribution? Why or why not?

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