For the income and probability values shown, the probability that the income in any year will be

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For the income and probability values shown, the probability that the income in any year will be greater than $8500 is closest to:

(a) 0.38

(b) 0.49

(d) 0.92

Income, $/Year | 6,200 8,500 9,600 10,300 12,600 15,500 0.15 0.23 0.32 0.09 Probability 0.04 0.24

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 24, 2018 04:30 AM

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For the income and probability values shown, the probability that the income in any year will be

Question:

Income, $/Year | 6,200 8,500 9,600 10,300 12,600 15,500 0.15 0.23 0.32 0.09 Probability 0.04 0.24

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Engineering Economy

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