Question
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:
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:
| Possiable Market Reaction | Sales in Units | Probabilites |
| Low Response | 20 | 0.10 |
| Moderate Response | 40 | 0.30 |
| Hight Response | 55 | 0.40 |
| Very High Response | 70 | 0.20 |
a. What is the expected value of sales for the new product?
b. What is the standard deviation of unit sales?
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The Emerald Handbook On Cryptoassets Investment Opportunities And Challenges
Authors: H. Kent Baker, Hugo Benedetti, Ehsan Nikbakht, Sean Stein Smith
1st Edition
1804553212, 978-1804553213
