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(a) Lavender Berhad plans to introduce new essential oils products. The estimated return depends on the degree of market acceptance on this new product. Market
(a) Lavender Berhad plans to introduce new essential oils products. The estimated return depends on the degree of market acceptance on this new product. Market Acceptance Probability Estimated Return (%) Encouraging 0.10 25 Moderate 0.50 15 Not encouraging 0.20 10 Discouraging 0.20 -12 Compute: i. the expected return. (4 marks) ii. the standard deviation. (4 marks) iii. the Coefficient of Variation
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