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ES Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence
ES Myers Business Systems is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of their occurrence are given next: Sales in Possible Market Reaction eBook Units Probabilities Low response 25 0.20 Ask Moderate response 40 0.30 High response 65 Print Very high response 80 0.20 0.30 References a. What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.) Mc Graw Hill Expected value units b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Type here to search Frey 1 of 6 axe PAR Next > 60F 6:54 PM
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