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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 next:
\table[[,Sales in,],[Possible Market Reaction,Units,Probabilities],[Low response,40,0.10],[Moderate response,55,0.20],[High response,65,0.20],[Very high response,80,0.50]]
a. What is the expected value of unit sales for the new product?
Note: Do not round intermediate calculations and round your answer to the nearest whole unit.
\table[[Expected value,units]]
b. What is the standard deviation of unit sales?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Standard deviation
unitsu
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