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Marketing estimates that a new instrument for the analysis fo soil samples will be very successful, moderate successful, or unsuccessful with probabilities 0.3, 0.6 and 0.1 respectively.The yearly revenew associated with a very successful, moderate successful and unsuccessful product is $10 million, $5 million and $1 million respectively. Let the random variable Xdenote the yearly revenue of the product. Determine the cumulative distribution?

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Category:- Statistics and Probability
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