5.) A new product's sales and profits are uncertain, Marketing predicted that sales and profits are given as shown: Sales Optimistic Most likely Pessimistic Profit Optimistic Most likely Pessimistic Units/year 9000 6000 3500 $37 $33 $26 Probability 15% 60% 25% Probability 0.3 0.45 0.25 Calculate the mean Sales and the mean Profit. Calculate the Expected value of sales and the Expected value of profit. (5 marks)

5.) A new product's sales and profits are uncertain, Marketing predicted that sales and profits are given as shown: Calculate the mean Sales and the mean Profit. Calculate the Expected value of sales and the Expected value of profit