Question
Possible Market Reaction Sales in Units Probabilities Low response 30 0.10 Low response 30 0.10 High response 55 0.20 Very high response 65 0.60 a.
Possible Market Reaction Sales in Units Probabilities
Low response 30 0.10
Low response 30 0.10
High response 55 0.20
Very high response 65 0.60
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.)
b.What is the standard deviation of unit sales?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
