An investment company wants to study the investment proposals based on the profit factor. While analyzing a new investment proposal, the company estimated the probability distribution for the profit as follows:
| Profit (in thousands) | 3 | 5 | 7 | 9 | 10 |
| Probability | 0.1 | 0.2 | 0.4 | 0.2 | 0.1 |
Using the random numbers:
19, 7, 90, 2, 57, 28
Simulate the profit of the company for six trials.
To simulate the profit of the company for six trials using the provided probability distribution and random numbers, we can follow these steps:
1. Generate random numbers.
2. Match the random numbers with cumulative probabilities to determine the profit.
Let's proceed with the calculations:
1. Generate random numbers: 19, 7, 90, 2, 57, 28
2. Determine cumulative probabilities:
| Profit | Probability | Cumulative Probability |
|--------|-------------|------------------------|
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