ok ht nt nces Problem 13-2 (Algo) Expected value and standard deviation [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: Possible Market Reaction Low response Moderate response High response Very high response Expected value 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. 0 units Standard deviation Sales in Units 15 30 55 60 Probabilities 0.20 units 0.30 0.20 0.30 b. What is the standard deviation of unit sales? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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: o. What is the expected value of unit sales for the new product? Note: Do not round intermediote calculations and round your answer to the nearest whole unit. b. What is the standard deviation of unit sales? Note: Do not round intermediate colculations. Round your answer to 2 decimal places