Question: Based on its analysis of the future demand for its products, the financial department at Tipper Corporation has determined that there is a .17 probability

Based on its analysis of the future demand for its products, the financial department at Tipper has determined that there is a .17 probability that the company will lose $1.2 million during the next year, a .21 probability that it will lose $.7 million, a .37 probability that it will make a profit of $.9 million, and a .25 probability that it will make a profit of $2.3 million.
a. Let x be a random variable that denotes the profit earned by this during the next year. Write the probability of x.
b. Find the mean and standard deviation of the probability of part a. give a brief interpretation of the value of the mean.

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