# Question

Marketing estimates that a new instrument for the analysis of soil samples will be very successful, moderately successful, or unsuccessful, with probabilities 0.3, 0.6, and 0.1, respectively. The yearly revenue associated with a very successful, moderately successful, or unsuccessful product is $10 million, $5 million, and $1 million, respectively. Let the random variable X denote the yearly revenue of the product. Determine the probability mass function of X.

## Answer to relevant Questions

A disk drive manufacturer estimates that in five years a storage device with 1 terabyte of capacity will sell with probability 0.5, a storage device with 500 gigabytes capacity will sell with a probability 0.3, and a storage ...An assembly consists of three mechanical components. Suppose that the probabilities that the first, second, and third components meet specifications are 0.95, 0.98, and 0.99. Assume that the components are independent. ...Determine the cumulative distribution function for the variable in Exercise 3-23. Verify that the following functions are cumulative distribution functions, and determine the probability mass function and the requested ...Determine the mean and variance of the random variable in Exercise 3-20The lengths of plate glass parts are measured to the nearest tenth of a millimeter. The lengths are uniformly distributed, with values at every tenth of a millimeter starting at 590.0 and continuing through 590.9. Determine ...Post your question

0