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A sales manager has used the probabilistic budget to estimate sales revenue for the coming year. This sales manager assigned the following probabilities to expected
A sales manager has used the probabilistic budget to estimate sales revenue for the coming year. This sales manager assigned the following probabilities to expected sales for the coming year:
Probability Expected Sales
40% $2,500,000
35% 3,750,000
25% 1,500,000
What will be the comany's probable sales in the coming year?
A) $2,750,200
B) $3,125,000
C) $2,568,000
D) $2,687,500
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