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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

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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 next: Sales in Possible Market Reaction Units Probabilities Low response 0 . 10 Moderate response 0. 20 High response 40 0. 30 Very high response 0 .40 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. Expected value units

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