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A multinational corporate giant decides set up operations in a downtrodden region. There is much enthusiasm in the region since the establishment of the company
A multinational corporate giant decides set up operations in a downtrodden region. There is much enthusiasm in the region since the establishment of the company is expected to create much needed employment opportunities. A group of expert estimates that at least 50 job will be created, with a probability of 80 % at least 80 jobs will be created, with a probability of 30 % at least 100 jobs will be created, with a probability of 10 % between 120 and 150 jobs will be created. (a) Draw the distribution function by combining the points linearly. (b) What is the probability of between 80 and 120 jobs? Answer in typed format only
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