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A firms revenue distribution for the coming year is (in million dollars): 15% probability of 5, 25% probability of 10, 20% probability of 12, 30%
A firms revenue distribution for the coming year is (in million dollars): 15% probability of 5, 25% probability of 10, 20% probability of 12, 30% probability of 14 and 10% probability of 20. If F(.) is the cumulative distribution function of this random variable, what is F(11) equal to? What is F(14)? What is the variance of the firms revenue distribution?
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