Question: The following is a probability function used to depict the projected net income (in millions) in the coming year for ABC Limited: (12 Points)

The following is a probability function used to depict the projected net

The following is a probability function used to depict the projected net income (in millions) in the coming year for ABC Limited: (12 Points) Net Income (X) -1.5 0 1 2 Probability (f(x)) 0.20 0.25 0.40 W a. Find the value of W. b. What is the probability that the company has a net income of less than $1 million in the coming year? c. What is the probability that the company is not profitable (net income less than 0) in the coming year?

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