The following table summarizes investment outcomes and corresponding probabilities for a particular oil well X = the

Question:

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 p(x); that is. graph the probability of x.
b. Find the expected monetary outcome. Mark this value on your graph of part a. Then interpret this value. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...