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Pabst Dental Supplies is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of occurrence are given. Possible

Pabst Dental Supplies is evaluating the introduction of a new product. The possible levels of unit sales and the probabilities of occurrence are given.

Possible Market Reaction Sales in Units Probabilities
Low response 20 0.30
Moderate response 35 0.20
High response 50 0.20
Very high response 90 0.30

a. What is the expected value of unit sales for the new product?

Expected value

b. What is the standard deviation of unit sales? (Round the final answer to 2 decimal places.)

Standard deviation

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