le is a partial probability distribution fe 0s) for the first year of operation (the n X -100 0 f(x) 0.10 0.20

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Need asap please (complete solution) Under Discrete Probability Distributions

The following table is a partial probability distribution for the CPA Company's projected profits
(x = profit in P1000s) for the first year of operation (the negative value denotes a loss).
X
-100
0
50
100
150
200
f(x)
0.10
0.20
0.30
0.25
0.10
a. What is the proper value for f (200)? What is your interpretation of this value?
b. What is the probability that CPA will be profitable?
Transcribed Image Text:The following table is a partial probability distribution for the CPA Company's projected profits (x = profit in P1000s) for the first year of operation (the negative value denotes a loss). X -100 0 50 100 150 200 f(x) 0.10 0.20 0.30 0.25 0.10 a. What is the proper value for f (200)? What is your interpretation of this value? b. What is the probability that CPA will be profitable?
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