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Expected Value and Standard Deviation. Given the following information, calculate the expected value of unit sales and the standard deviation of unit sales: Market Condition

Expected Value and Standard Deviation. Given the following information, calculate the expected value of unit sales and the standard deviation of unit sales:

Market Condition Sales Probability

Low 40 .30

Moderate 50 .40

High 75 .20

Very High 25 .10

What is the expected value? ________________________

Complete the following chart and then calculate the standard deviation

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