Find the Specified Probability $P ( X \geq 8 )$

question 94

Multiple Choice

Find the specified probability.
-Use the special addition rule and the following probability distribution to determine $P ( X \geq 8 )$ .
$\begin{array}{cccccccc}\mathrm{X} & 5 & 6 & 7 & 8 & 9 & 10 & 11 \\\hline \mathrm{P}(\mathrm{X}=\mathrm{x}) & 0.05 & 0.05 & 0.20 & 0.15 & 0.15 & 0.10 & 0.30\end{array}$

• A)\(0.45\)
• B) \(0.15\)
• C) \(0.70\)
• D) \(0.30\)

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Definitions:

Straight-Line Depreciation

This method evenly allocates the cost of an asset over its useful life.

After-Tax Discount Rate

The discount rate used in capital budgeting that accounts for taxes, representing the net cost of capital after tax considerations.

Straight-Line Depreciation

A technique for spreading out the expense of a physical asset evenly over its operational lifespan.

Operating Cash Inflow

Cash generated from a company's primary business activities, excluding financing and investing flows.