The following table is a partial probability datribution for the MRA Company's projected profits ( profit in $1000n) for the first year of operation (the negative value denotes a loss) f(a) -100 0.12 0.16 50 0.31 100 0.25 150 0.10 200 aWhat is the proper value for f(200) (to 2 decimals)? .os What is your interpretation of this value? This is the probability MRA will have-Select yeur answer-v $200,000 profit. b. What is the probability that MRA will be profitable (to 2 decimals)? 67 c What is the probability that MRA will make at least $100,000 (to 2 decimals)? 38

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The following table is a partial probability distribution for the MRA Company's projected profits (a- profit in $1000s) for the first year of operation (the
negative value denotes a loss).
f(2)
-100
0.12
0.16
50
0.31
100
0.25
150
0.10
200
a. What is the proper value for f(200) (to 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)?
.67
c. What is the probability that MRA will make at least $100,000 (to 2 decimals)7
38
Transcribed Image Text:The following table is a partial probability distribution for the MRA Company's projected profits (a- profit in $1000s) for the first year of operation (the negative value denotes a loss). f(2) -100 0.12 0.16 50 0.31 100 0.25 150 0.10 200 a. What is the proper value for f(200) (to 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)? .67 c. What is the probability that MRA will make at least $100,000 (to 2 decimals)7 38
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