3-23. The distributor of a machine for cytogenics has developed a new model. The company estimates that when it is introduced into the market, it will be very successful with a probability 0.6, moderately successful with a probability 0.3, and not successful with probability 0.1. The estimated yearly profit associated with the model being very successful is $15 million and being moderately successful is $5 million; not successful would result in a loss of $500,000. Let X be the yearly profit of the new model. Determine the probability mass function of X.

Test Statistic measures how far the sample data diverge from what we would expect should the null hypothesis be true So, a test statistic with a high magnitude would show that the date is not consistent with H o P-values the probability (when H0 I true) that the test statistic takes a value that is as extreme or more extreme than what is observed...