1. Considera new productthat has the following demand/unit sale price characteristics: Sales Vol.(units) Prob. Sale Unit Price $ Prob. 30,000 0.15 3.50 0.1 45,000 0.35 3.00 0.25 50,000 0.25 2.75 0.45 75,000 0.25 2.50 0.2 Calculatethe Estimated Value (Mean) and the Standard Deviation (SD) of the gross income from the sale of this product. What is the probability that the gross income will be more than $200,000? What is the probability that the gros income will be between 140,000 and 180,000