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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:
Possible Market Reaction Sales in Units Probabilities
Low response 200.10
Moderate response 400.30
High response 550.40
Very high response 700.20
What is the expected value of unit sales for the new product?

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