Marketing estimates that a new instrument for the analysis of soil samples will be very successful, moderately successful, or unsuccessful, with probabilities 0.30, 0.56, and 0.14, respectively. The yearly revenue associated with a very successful, moderately successful, or unsuccessful product is $16 million dollars, $8 million dollars, and $1 million dollars, respectively. Let the random variableX denote the yearly revenue of the product in millions of dollars. Evaluate the cumulative distribution function of X at specified values. Round your answers to two decimal places (e.g. 98.76). F(1) = i F(8) = i F(16) = i

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
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Marketing estimates that a new instrument for the analysis of soil samples will be very successful, moderately successful, or
unsuccessful, with probabilities 0.30, 0.56, and 0.14, respectively. The yearly revenue associated with a very successful, moderately
successful, or unsuccessful product is $16 million dollars, $8 million dollars, and $1 million dollars, respectively. Let the random
variable X denote the yearly revenue of the product in millions of dollars. Evaluate the cumulative distribution function of X at
specified values.
Round your answers to two decimal places (e.g. 98.76).
F(1) = i
F(8) :
i
F(16) :
i
Transcribed Image Text:Marketing estimates that a new instrument for the analysis of soil samples will be very successful, moderately successful, or unsuccessful, with probabilities 0.30, 0.56, and 0.14, respectively. The yearly revenue associated with a very successful, moderately successful, or unsuccessful product is $16 million dollars, $8 million dollars, and $1 million dollars, respectively. Let the random variable X denote the yearly revenue of the product in millions of dollars. Evaluate the cumulative distribution function of X at specified values. Round your answers to two decimal places (e.g. 98.76). F(1) = i F(8) : i F(16) : i
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