The following table shows a partial probability distribution for the MRA Company’s projected profits
Question: The following table shows a partial probability distribution for the MRA Company’s projected profits (in thousands of dollars) for the first year of operation ( the negative value denotes a loss).
| x | f(x) |
| -100 | 0.10 |
| 0 | 0.20 |
| 50 | 0.30 |
| 100 | 0.25 |
| 150 | 0.10 |
| 200 |
a.) Find the missing value of f(200). What is your interpretation of this value? = 0.05 ; probability of a $200,000 profit
b.) What is the probability that MRA will be profitable? = 0.70
c.) What is the probability that MRA will make at least $100,000? = 0.40
Price: $2.99
Solution: The solution consists of 1 page
Type of Deliverable: Word Document
Type of Deliverable: Word Document
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