Question
Question 2.Thefollowingis aprobabilityfunctionusedtodepicttheprojectednetincome(inmillions)inthecomingyearfor StrataLimited: a.FindthevalueofW.(Points 1) b.Whatistheprobability thatthecompanyhasanetincomeoflessthan$1millioninthecomingyear?(Points 1) c.Whatistheprobability thatthecompanyisnotprofitable(netincomeleas than0) inthecomingyear? d.Whatistheprobability thatthecompanymakes morethan$0.5millionin thecomingyear? e.WhatistheexpectednetincomeforABCLimited,i.e,whatistheexpectedvalueofthisprobabilitydistribution?(2 Points) f.Whatisthestandarddeviationofthisprobabilityfunction?(2points)
Question 2.Thefollowingis aprobabilityfunctionusedtodepicttheprojectednetincome(inmillions)inthecomingyearfor StrataLimited:
a.FindthevalueofW.(Points 1)
b.Whatistheprobability thatthecompanyhasanetincomeoflessthan$1millioninthecomingyear?(Points 1)
c.Whatistheprobability thatthecompanyisnotprofitable(netincomeleas than0) inthecomingyear?
d.Whatistheprobability thatthecompanymakes morethan$0.5millionin thecomingyear?
e.WhatistheexpectednetincomeforABCLimited,i.e,whatistheexpectedvalueofthisprobabilitydistribution?(2 Points)
f.Whatisthestandarddeviationofthisprobabilityfunction?(2points)
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Essentials of Business Analytics
Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
2nd edition
ISBN: 1305627733, 978-1305861817, 1305861817, 978-0357688960, 978-1305627734
