An early-stage venture management forecasts the following sales growth rates and attached probabilities for the com Scenario Optimistic Modest Pessimistic O 16.5% O 19.4% O 22.5% O 24.9% Probability O 30.8% 0.25 0.35 0.40 But, you think that the optimistic forecast is too upwardly biased and should be totally ignored. The remaining two scenaries should he probabilities and the associated growth rates for the two scenarios should be 40% and 5% instead of the 40% and 20% respectively. average or expected growth rate using your new forecast Growth Rate 60% 40% 20%

An early-stage venture management from. average or expected growth rate using your new forecast 16.5% 19.4% 22.5% 24.9%