[See Steps] The two largest cable providers are Comcast cable Connections, with 21.5 million subscribers, and Time Warner Cable with 11.0 million subscribers.
Question: The two largest cable providers are Comcast cable Connections, with 21.5 million subscribers, and Time Warner Cable with 11.0 million subscribers. Suppose the management of Time Warner Cable subjectively assesses a probability distribution for the number of new subscribers next year in the state of New York as follows.
| x | f(x) |
| 100,000 | .10 |
| 200,000 | .20 |
| 300,000 | .25 |
| 400,000 | .30 |
| 500,000 | .10 |
| 600,000 | .05 |
- What is the probability that Time warner will obtain more than 400,000 new subscribers?
- Comment on the likelihood that there will be 700,000 new subscribers.
- What is the expected value for the mean number of new subscribers?
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