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 20 0 . 30 Moderate response 35 0 . 20 High response 45 0 . 20 Very high response 60 0 . 30 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. What is the standard deviation of unit sales? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

Problem 13-2 (Algo) Expected value and standard devlation [LO13-1] 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: 0. What is the expected value of unit sales for the new product? Note: Do not round Intermedlate colculatlons and round your answer to the nearest whole unlt. b. What is the standard deviation of unit sales? Note: Do not round Intermedlate colculatlons. Round your answer to 2 declmal places