. The profits to be realized from airtime vending business, to the nearest $1 000, are...

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. The profits to be realized from airtime vending business, to the nearest $1 000, are believed to follow the probability distribution shown below: -1 000 0 -2 000 0.1 0.1 0.2 X P(X=x) a. Determine the value of K. b. Find the probability that the airtime vending i. Makes a loss ii. Realizes profit of at least $2 000 c. Find 1 000 K 2 000 0.3 i. The expected earnings and ii. Standard deviation of profits for the air time vending business d. Is the air time vending business likely to be successful? Explain. 3 000 0.1 . The profits to be realized from airtime vending business, to the nearest $1 000, are believed to follow the probability distribution shown below: -1 000 0 -2 000 0.1 0.1 0.2 X P(X=x) a. Determine the value of K. b. Find the probability that the airtime vending i. Makes a loss ii. Realizes profit of at least $2 000 c. Find 1 000 K 2 000 0.3 i. The expected earnings and ii. Standard deviation of profits for the air time vending business d. Is the air time vending business likely to be successful? Explain. 3 000 0.1

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We need to find the value Ik Given x 2 01 PLY We know th... View the full answer