solve the question

Midwest Power and Light operates 14 coal-fired power plants in several states around the United States. The company recently settled a lawsuit by agreeing to pay $60 million in mitigation costs re- lated to acid rain. The settlement included $21 mil- lion to reduce emissions from barges and trucks in the Ohio River Valley, $24 million for projects to conserve energy and produce alternative energy, $3 million for Chesapeake Bay, $2 million for Shenandoah National Park, and $10 million to ac- quire ecologically sensitive lands in Appalachia. The question of how to distribute the money over time has been posed. Plan A involves spending $5 million now and the remaining $55 million equally over a 10-year period (that is, $5.5 million in each of years 1 through 10). Plan B requires ex- penditures of $5 million now, $25 million 2 years from now, and $30 million 7 years from now. De- termine which plan is more economical on the basis of a present worth analysis over a 10-year period at an interest rate of 10% per year.The waiting time, in hours, between successive speeders spotted by a radar unit is a continuous random variable with cumulative distribution function Find the probability of waiting less than 12 minutes between successive speeders (a) using the cumulative distribution function of X; (b) using the probability density function of X. Determine the value c so that each of the following functions can serve as a probability distribution of the discrete random variable X: (a) f(x) = c(x2 + 4), for x = 0, 1, 2, 3; (b) f(x) = c() (->), for x = 0, 1, 2.Suppose a certain type of small data processing firm is so specialized that some have difficulty making a profit in their first year of operation. The probability density function that characterizes the proportion Y that make a profit is given by 1(y) = [ky' (1 - y). OSys1, elsewhere. (a) What is the value of k that renders the above a valid density function? (b) Find the probability that at most 50% of the firms make a profit in the first year. (c) Find the probability that at least 80% of the firms make a profit in the first year.\f\f\f