Time Warner Cable provides television and Internet service to over million people. Suppose that the management of Time Warner Cable subjectively assesses a probability distribution for the number of new subscribers next year in the state of New York as follows.
x f(x)
100,000 0.00
200,000 0.21
300,000 0.25
400,000 0.29
500,000 0.12
600,000 0.04
Required:
a. Is this probability distribution valid?
b. What is the probability Time Warner will obtain more than new subscribers?
c. What is the probability Time Warner will obtain fewer than new subscribers?