The following is a probability function used to depict the projected net income (in millions) in the coming year for ABC Limited:(12 Points)

net income (x) probability (f(x) )

-1.5 0.20

0 0.25

1 0.40

2 W

1.Find the value of W.

2.What is the probability that the company has a net income of less than $1 million in the coming year?

3.What is the probability that the company is not profitable (net income leas than 0) in the coming year?

4.What is the probability that the company makes more than $0.5 million in the coming year?

5.What is the expected net income for ABC Limited, i. e, what is the expected value of this probability distribution?

6.What is the standard deviation of this probability function