Marketing estimates that a new instrument for the analysis of soil samples will be very successful, moderately successful, or unsuccessful, with probabilities 0.35,0.50, and 0.15, respectively. The yearly revenue associated witha very successful, moderately successful, or unsuccessful product is $6 million dollars, $3 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) = %3D F(3) = F(6) %3D

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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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 0.35,0.50, and 0.15, respectively. The yearly revenue
associated with a very successful, moderately successful, or unsuccessful
product is $6 mnillion dollars, $3 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)=
%3D
F(3) =
F(6) =
%3D
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 0.35,0.50, and 0.15, respectively. The yearly revenue associated with a very successful, moderately successful, or unsuccessful product is $6 mnillion dollars, $3 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)= %3D F(3) = F(6) = %3D
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