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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 Units Probabilities 40 Possible Market Reaction Low response Moderate response High response Very high response 55 65 50 a. What is the expected value of unit sales for the new product? (Do not round Intermediate calculations and round your answer to the nearest whole unit) Expected value 66 units b. What is the standard deviation of unit sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Standard deviation 1581 units

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