A firm making production plans believes there is a 30% probability the price will be $10, a 50% probability the price will be $15, and a 20% probability the price will be $20. The manager must decide whether to produce 6,000 units of output (A), 8,000 units (B) or 10,000 units (C). The following table shows 9 possible outcomes depending on the output chosen and the actual price.

Production	Profit (Loss) when price is
$10	$15	$20
6,000	(A)	$200	$400	$1,000
8,000	(B)	$400	$600	$1,600
10,000	(C)	$1,000	$800	$3,000

What is the variance if 6,000 units are produced?

Answers Options Below

• 490,000
• 176,400
• 100,000
• 68,200
• 76,460