Question: Using excel, solve the following problem: A bread company raised savings with associated probabilities shown in the table below. The useful life is 5 years

Using excel, solve the following problem: A bread company raised savings with associated probabilities shown in the table below. The useful life is 5 years with a probability of 0.6 and 3 years with probability of 0.4. Determine the joint probability distribution for savings per year and useful life.

Annual Benefit	Probability
$15,000	0.25
$20,000	0.45
$25,000	0.3

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