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The following table summarizes investment outcomes and corresponding probabilities for a particular oil well: X = the outcome in $ p(x) -$40,000 (no oil) .25

The following table summarizes investment outcomes and corresponding probabilities for a particular oil well:

X = the outcome in $

p(x)

-$40,000 (no oil)

.25

10,000 (some oil)

.7

70,000 (much oil)

.05

a. Graph the probability distribution of x.

b. Find the expected monetary outcome.

c. Calculate the standard deviation of x.

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