Question

The following table is a partial probability distribution for the MRA Company's projected profits (x = profit in $1000 s) for the first year of operation (the negative value denotes a loss). X 100 0 f(x) 0.09 0.20 0.31 0.26 50 100 0.10 150 200 a. What is the proper value fo 2 decimals)? What is your interpretation of this value? This is the probability MRA will have | - Select your answer - $200,000 profit. b. What is the probability that MRA will be profitable (to 2 decimals)? C. What is the probability that MRA will make at least $150,000 (to 2 decimals)?

Answer 1

for Probability distribution E pasa 1 < ple) = P(x2-100)+P(x=0) + P(x=50) + P(x=100) HP(x=150) + Plze = 200) E P(K) 0.09 +0.20 + 0.31 +0.26 + 0.10 + PCX=200 ) Da 0.96 + P(x= 200) są PC x=909) = 0.04 @ $(x = 200) is 10.04 0.04 ) - This probability MRA will have [uto) $200000 profit p(Met profit) = f(50) + f(100) + f(50) + f(200) = 0.31 + 0.26 toulo +0.04 Probility of mRA Profil a 10.711 PC XR150) = $(150) + + (900) z oilo 70.04 Bobability of attenst $150000 =[0.14]