The table shows the probability distribution of a return (in $1,000) on a project under 3 scenarios,

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The table shows the probability distribution of a return (in $1,000) on a project under 3 scenarios, low, medium, and high.

Suppose that two projects in different regions with independent returns are undertaken, each with the same probability distribution of return. If the sum of the returns from the two projects is at least $12,000, what is the probability that the sum of the returns is $18,000 or more?

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Posted Date: Jun 05, 2024 02:11 PM

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The table shows the probability distribution of a return (in $1,000) on a project under 3 scenarios,

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