D The budgeting process for a midwestern college resulted in expense forecasts for the coming year in millions of 9 10 11 12 and

Question

D The budgeting process for a midwestern college resulted in expense forecasts for the coming year in millions of 9 10 11 12 and 13 Because the actual expenses are unknown the following respective probabilities are assigned 0 28 0 16 0 23 0 11 and 0 22 Round your answers to 2 decimal places a Show the probability distribution for the expense forecast H 9 10 11 12 f z 13 b What is the expected value of the expense forecast for the coming year million c What is the variance of the expense forecast for the oming year d If income projections for the year are estimated at 12 million how much profit door t

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